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$299,663$299,663$404,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$104,437$0
Funding fee$1,498$1,498$0
Note rate2.740%2.740%7.320%
Blended rate2.740%4.099%7.560%
1st payment$1,400.49$1,400.49$2,775.89
2nd payment$0.00$696.25$0.00
Taxes / mo$238.17$238.17$238.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$65.00$65.00$65.00
Total monthly$1,853.66$2,549.90$3,309.87
Cash to close$149,337$44,900$44,900