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$322,315$322,315$395,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$73,595$0
Funding fee$1,612$1,612$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.001%7.560%
1st payment$1,544.39$1,544.39$2,719.63
2nd payment$0.00$551.96$0.00
Taxes / mo$198.25$198.25$198.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$42.00$42.00$42.00
Total monthly$1,934.64$2,486.61$3,189.06
Cash to close$117,585$43,990$43,990