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$283,452$283,452$391,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$108,048$0
Funding fee$1,417$1,417$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.235%7.560%
1st payment$1,314.86$1,314.86$2,689.33
2nd payment$0.00$720.32$0.00
Taxes / mo$506.08$506.08$506.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$48.33$48.33$48.33
Total monthly$2,019.28$2,739.59$3,472.05
Cash to close$151,548$43,500$43,500