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$278,168$278,168$342,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$63,832$0
Funding fee$1,391$1,391$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.071%7.640%
1st payment$1,341.10$1,341.10$2,367.94
2nd payment$0.00$478.74$0.00
Taxes / mo$538.46$538.46$538.46
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$590.00$590.00$590.00
Total monthly$2,619.56$3,098.30$3,714.80
Cash to close$101,832$38,000$38,000