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$275,947$275,947$315,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$39,053$0
Funding fee$1,380$1,380$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.709%7.640%
1st payment$1,308.75$1,308.75$2,181.00
2nd payment$0.00$292.90$0.00
Taxes / mo$289.58$289.58$289.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.33$2,041.23$2,683.58
Cash to close$74,053$35,000$35,000