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$324,503$324,503$436,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$111,997$0
Funding fee$1,623$1,623$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.268%7.560%
1st payment$1,538.92$1,538.92$2,998.45
2nd payment$0.00$746.65$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,109.75$2,856.40$3,656.59
Cash to close$160,497$48,500$48,500