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$349,285$349,285$391,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$42,215$0
Funding fee$1,746$1,746$0
Note rate2.810%2.810%7.320%
Blended rate2.810%3.477%7.560%
1st payment$1,641.01$1,641.01$2,689.33
2nd payment$0.00$316.62$0.00
Taxes / mo$207.83$207.83$207.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$230.00$230.00$230.00
Total monthly$2,228.85$2,545.46$3,355.47
Cash to close$85,715$43,500$43,500