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$303,777$303,777$324,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$38,223$0
Funding fee$1,519$1,519$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.956%7.640%
1st payment$1,437.48$1,437.48$2,243.31
2nd payment$0.00$378.25$0.00
Taxes / mo$112.33$112.33$112.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,699.81$2,078.05$2,570.44
Cash to close$56,223$18,000$36,000