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$292,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$32,803$0
Funding fee$1,380$1,380$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.907%7.640%
1st payment$1,308.75$1,308.75$2,025.21
2nd payment$0.00$324.61$0.00
Taxes / mo$359.50$359.50$359.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,818.25$2,142.86$2,593.21
Cash to close$49,053$16,250$32,500