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$307,249$307,249$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,251$0
Funding fee$1,536$1,536$0
Note rate2.770%2.770%7.400%
Blended rate2.770%3.996%7.640%
1st payment$1,420.52$1,420.52$2,648.35
2nd payment$0.00$564.38$0.00
Taxes / mo$197.08$197.08$197.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$25.00$25.00$25.00
Total monthly$1,792.60$2,356.99$3,096.94
Cash to close$117,751$42,500$42,500