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$291,930$291,930$386,550
Remaining term (yrs)24.724.730.0
Secondary amount$0$94,620$0
Funding fee$1,460$1,460$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.461%7.640%
1st payment$1,389.09$1,389.09$2,676.39
2nd payment$0.00$709.65$0.00
Taxes / mo$86.50$86.50$86.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,625.59$2,335.24$2,990.20
Cash to close$137,570$42,950$42,950