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$293,366$293,366$404,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$110,734$0
Funding fee$1,467$1,467$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.356%7.560%
1st payment$1,394.40$1,394.40$2,775.89
2nd payment$0.00$738.23$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,918.57$2,656.80$3,380.87
Cash to close$155,634$44,900$44,900