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$310,975$310,975$427,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$116,435$0
Funding fee$1,555$1,555$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.246%7.640%
1st payment$1,476.23$1,476.23$2,959.30
2nd payment$0.00$776.23$0.00
Taxes / mo$396.25$396.25$396.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$63.33$63.33$63.33
Total monthly$2,102.48$2,878.71$3,671.03
Cash to close$163,925$47,490$47,490