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$307,255$307,255$405,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$97,745$0
Funding fee$1,536$1,536$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.433%7.640%
1st payment$1,457.12$1,457.12$2,804.14
2nd payment$0.00$733.09$0.00
Taxes / mo$332.33$332.33$332.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,939.45$2,672.54$3,367.47
Cash to close$142,745$45,000$45,000