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$312,093$312,093$405,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$92,907$0
Funding fee$1,560$1,560$0
Note rate2.960%2.960%7.320%
Blended rate2.960%4.346%7.560%
1st payment$1,483.56$1,483.56$2,782.07
2nd payment$0.00$696.80$0.00
Taxes / mo$340.58$340.58$340.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$146.67$146.67$146.67
Total monthly$2,120.81$2,817.61$3,500.32
Cash to close$137,907$45,000$45,000