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$280,850$280,850$337,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$56,560$0
Funding fee$1,404$1,404$0
Note rate2.990%2.990%7.400%
Blended rate2.990%3.997%7.640%
1st payment$1,336.37$1,336.37$2,336.16
2nd payment$0.00$424.20$0.00
Taxes / mo$254.25$254.25$254.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$70.00$70.00$70.00
Total monthly$1,810.62$2,234.82$2,877.89
Cash to close$94,050$37,490$37,490