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$351,274$351,274$422,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$70,826$0
Funding fee$1,756$1,756$0
Note rate2.880%2.880%7.320%
Blended rate2.880%3.907%7.560%
1st payment$1,632.82$1,632.82$2,899.53
2nd payment$0.00$531.20$0.00
Taxes / mo$520.00$520.00$520.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,319.49$2,850.69$3,670.62
Cash to close$117,726$46,900$46,900