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$293,005$293,005$386,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$93,095$0
Funding fee$1,465$1,465$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.432%7.640%
1st payment$1,389.54$1,389.54$2,673.28
2nd payment$0.00$698.21$0.00
Taxes / mo$171.50$171.50$171.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,711.04$2,409.25$3,072.00
Cash to close$135,995$42,900$42,900