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$312,673$312,673$384,750
Remaining term (yrs)25.025.030.0
Secondary amount$0$72,077$0
Funding fee$1,563$1,563$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.010%7.640%
1st payment$1,453.44$1,453.44$2,663.93
2nd payment$0.00$540.57$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.95
HOA / mo$29.17$29.17$29.17
Total monthly$1,783.11$2,323.69$3,070.55
Cash to close$114,827$42,750$42,750