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$289,198$289,198$328,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$39,302$0
Funding fee$1,446$1,446$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.577%7.640%
1st payment$1,344.39$1,344.39$2,274.47
2nd payment$0.00$294.77$0.00
Taxes / mo$4.17$4.17$4.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,498.56$1,793.32$2,494.33
Cash to close$75,802$36,500$36,500