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$266,533$266,533$314,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$48,377$0
Funding fee$1,333$1,333$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.905%7.640%
1st payment$1,261.16$1,261.16$2,180.37
2nd payment$0.00$362.83$0.00
Taxes / mo$171.75$171.75$171.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,582.91$1,945.74$2,565.11
Cash to close$83,367$34,990$34,990