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$325,363$325,363$381,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$56,237$0
Funding fee$1,627$1,627$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.714%7.640%
1st payment$1,530.57$1,530.57$2,642.12
2nd payment$0.00$421.77$0.00
Taxes / mo$556.67$556.67$556.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.32
HOA / mo$146.00$146.00$146.00
Total monthly$2,383.24$2,805.01$3,571.11
Cash to close$98,637$42,400$42,400