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$350,122$350,122$427,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$77,378$0
Funding fee$1,751$1,751$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.980%7.560%
1st payment$1,633.02$1,633.02$2,936.63
2nd payment$0.00$580.33$0.00
Taxes / mo$546.58$546.58$546.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,346.27$2,926.61$3,735.38
Cash to close$124,878$47,500$47,500