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$318,437$318,437$472,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$154,063$0
Funding fee$1,592$1,592$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.617%7.640%
1st payment$1,503.38$1,503.38$3,271.49
2nd payment$0.00$1,027.09$0.00
Taxes / mo$529.25$529.25$529.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,199.30$3,226.39$4,061.91
Cash to close$206,563$52,500$52,500