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$344,211$344,211$413,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$68,889$0
Funding fee$1,721$1,721$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.892%7.640%
1st payment$1,605.45$1,605.45$2,860.22
2nd payment$0.00$516.67$0.00
Taxes / mo$195.92$195.92$195.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.62
HOA / mo$16.67$16.67$16.67
Total monthly$1,984.70$2,501.37$3,322.09
Cash to close$114,789$45,900$45,900