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$280,976$280,976$342,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,024$0
Funding fee$1,405$1,405$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.054%7.560%
1st payment$1,326.52$1,326.52$2,349.30
2nd payment$0.00$457.68$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$315.00$315.00$315.00
Total monthly$2,108.19$2,565.87$3,199.37
Cash to close$99,024$38,000$38,000