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$282,201$282,201$324,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$41,799$0
Funding fee$1,411$1,411$0
Note rate2.800%2.800%7.320%
Blended rate2.800%3.600%7.560%
1st payment$1,303.07$1,303.07$2,225.66
2nd payment$0.00$313.50$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.07$2,066.56$2,740.46
Cash to close$77,799$36,000$36,000