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$341,334$341,334$405,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$63,666$0
Funding fee$1,707$1,707$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.842%7.640%
1st payment$1,590.19$1,590.19$2,804.14
2nd payment$0.00$477.50$0.00
Taxes / mo$216.42$216.42$216.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$46.67$46.67$46.67
Total monthly$2,003.28$2,480.78$3,298.22
Cash to close$108,666$45,000$45,000