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$345,101$345,101$426,600
Remaining term (yrs)24.124.130.0
Secondary amount$0$81,499$0
Funding fee$1,726$1,726$0
Note rate2.830%2.830%7.320%
Blended rate2.830%4.009%7.560%
1st payment$1,640.37$1,640.37$2,930.45
2nd payment$0.00$611.24$0.00
Taxes / mo$372.08$372.08$372.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.32
HOA / mo$205.00$205.00$205.00
Total monthly$2,384.12$2,995.37$3,759.52
Cash to close$128,899$47,400$47,400