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$303,315$303,315$404,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$101,595$0
Funding fee$1,517$1,517$0
Note rate2.780%2.780%7.320%
Blended rate2.780%4.090%7.560%
1st payment$1,434.00$1,434.00$2,781.45
2nd payment$0.00$677.30$0.00
Taxes / mo$201.33$201.33$201.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$45.00$45.00$45.00
Total monthly$1,830.34$2,507.64$3,258.77
Cash to close$146,585$44,990$44,990