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$284,328$284,328$359,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$75,671$0
Funding fee$1,422$1,422$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.151%7.640%
1st payment$1,321.68$1,321.68$2,492.56
2nd payment$0.00$567.54$0.00
Taxes / mo$348.42$348.42$348.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$333.00$333.00$333.00
Total monthly$2,153.10$2,720.63$3,395.98
Cash to close$115,671$40,000$40,000