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$318,699$318,699$396,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$77,301$0
Funding fee$1,593$1,593$0
Note rate2.970%2.970%7.320%
Blended rate2.970%4.147%7.560%
1st payment$1,516.61$1,516.61$2,720.25
2nd payment$0.00$579.76$0.00
Taxes / mo$374.75$374.75$374.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$80.00$80.00$80.00
Total monthly$2,121.36$2,701.11$3,404.20
Cash to close$121,301$44,000$44,000