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$325,703$325,703$391,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$65,797$0
Funding fee$1,629$1,629$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.000%7.560%
1st payment$1,582.40$1,582.40$2,689.33
2nd payment$0.00$493.48$0.00
Taxes / mo$133.33$133.33$133.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,865.73$2,359.21$3,050.97
Cash to close$109,297$43,500$43,500