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$321,390$321,390$463,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$142,110$0
Funding fee$1,607$1,607$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.450%7.560%
1st payment$1,539.57$1,539.57$3,183.92
2nd payment$0.00$947.40$0.00
Taxes / mo$220.67$220.67$220.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$44.00$44.00$44.00
Total monthly$1,970.90$2,918.30$3,707.96
Cash to close$193,610$51,500$51,500