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$290,754$290,754$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$91,746$0
Funding fee$1,454$1,454$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.424%7.640%
1st payment$1,375.76$1,375.76$2,648.35
2nd payment$0.00$688.10$0.00
Taxes / mo$260.67$260.67$260.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$360.00$360.00$360.00
Total monthly$2,146.43$2,834.53$3,495.52
Cash to close$134,246$42,500$42,500