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$311,869$311,869$360,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$48,131$0
Funding fee$1,559$1,559$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.785%7.640%
1st payment$1,485.72$1,485.72$2,492.57
2nd payment$0.00$360.98$0.00
Taxes / mo$143.08$143.08$143.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,778.81$2,139.79$2,857.65
Cash to close$88,131$40,000$40,000