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$307,997$307,997$368,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$60,913$0
Funding fee$1,540$1,540$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.824%7.640%
1st payment$1,462.80$1,462.80$2,554.26
2nd payment$0.00$456.85$0.00
Taxes / mo$140.00$140.00$140.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.78
HOA / mo$12.67$12.67$12.67
Total monthly$1,765.47$2,222.32$2,930.71
Cash to close$101,903$40,990$40,990