Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$321,532$321,532$405,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$83,468$0
Funding fee$1,608$1,608$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.221%7.640%
1st payment$1,524.83$1,524.83$2,804.14
2nd payment$0.00$626.01$0.00
Taxes / mo$1,046.39$1,046.39$1,046.39
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,721.22$3,347.22$4,081.53
Cash to close$128,468$45,000$45,000