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$280,821$280,821$314,550
Remaining term (yrs)25.725.730.0
Secondary amount$0$33,729$0
Funding fee$1,404$1,404$0
Note rate4.980%4.980%7.400%
Blended rate4.980%5.411%7.640%
1st payment$1,611.85$1,611.85$2,177.88
2nd payment$0.00$252.96$0.00
Taxes / mo$256.77$256.77$256.77
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.91
HOA / mo$245.00$245.00$245.00
Total monthly$2,263.62$2,516.58$2,892.56
Cash to close$68,679$34,950$34,950