Dan Frey Home Loans
Call Dan

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$318,009$318,009$346,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$28,491$0
Funding fee$1,590$1,590$0
Note rate2.840%2.840%7.320%
Blended rate2.840%3.346%7.560%
1st payment$1,478.32$1,478.32$2,380.21
2nd payment$0.00$213.68$0.00
Taxes / mo$307.25$307.25$307.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$289.00$289.00$289.00
Total monthly$2,224.57$2,438.25$3,195.76
Cash to close$66,991$38,500$38,500