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$279,509$279,509$377,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$98,401$0
Funding fee$1,398$1,398$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.444%7.640%
1st payment$1,323.72$1,323.72$2,616.57
2nd payment$0.00$738.00$0.00
Taxes / mo$584.50$584.50$584.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$158.67$158.67$158.67
Total monthly$2,216.89$2,954.89$3,585.32
Cash to close$140,391$41,990$41,990