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$321,067$321,067$387,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$65,933$0
Funding fee$1,605$1,605$0
Note rate2.780%2.780%7.400%
Blended rate2.780%3.840%7.640%
1st payment$1,486.05$1,486.05$2,679.51
2nd payment$0.00$494.50$0.00
Taxes / mo$196.50$196.50$196.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.55$2,327.05$3,103.41
Cash to close$108,933$43,000$43,000