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$315,167$315,167$405,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$89,833$0
Funding fee$1,576$1,576$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.183%7.640%
1st payment$1,480.72$1,480.72$2,804.14
2nd payment$0.00$673.75$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$470.00$470.00$470.00
Total monthly$2,313.22$2,986.97$3,717.64
Cash to close$134,833$45,000$45,000