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$307,555$307,555$333,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$25,445$0
Funding fee$1,538$1,538$0
Note rate2.950%2.950%7.400%
Blended rate2.950%3.412%7.640%
1st payment$1,457.06$1,457.06$2,305.62
2nd payment$0.00$190.84$0.00
Taxes / mo$162.92$162.92$162.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$535.00$535.00$535.00
Total monthly$2,304.98$2,495.82$3,220.14
Cash to close$62,445$37,000$37,000