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$294,776$294,776$382,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$87,724$0
Funding fee$1,474$1,474$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.230%7.560%
1st payment$1,401.52$1,401.52$2,627.51
2nd payment$0.00$657.93$0.00
Taxes / mo$329.50$329.50$329.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$57.00$57.00$57.00
Total monthly$1,938.02$2,595.94$3,240.51
Cash to close$130,224$42,500$42,500