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$297,053$297,053$387,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$89,947$0
Funding fee$1,485$1,485$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.249%7.640%
1st payment$1,395.62$1,395.62$2,679.51
2nd payment$0.00$674.60$0.00
Taxes / mo$259.00$259.00$259.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$15.00$15.00$15.00
Total monthly$1,819.62$2,494.22$3,180.91
Cash to close$132,947$43,000$43,000