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$330,634$330,634$413,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$83,365$0
Funding fee$1,653$1,653$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.096%7.560%
1st payment$1,540.42$1,540.42$2,843.89
2nd payment$0.00$625.24$0.00
Taxes / mo$380.42$380.42$380.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,087.50$2,712.74$3,473.77
Cash to close$129,365$46,000$46,000