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$346,440$346,440$441,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$94,560$0
Funding fee$1,732$1,732$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.279%7.640%
1st payment$1,648.47$1,648.47$3,053.39
2nd payment$0.00$709.20$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,223.47$2,932.67$3,716.59
Cash to close$143,560$49,000$49,000