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$315,965$315,965$414,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$98,035$0
Funding fee$1,580$1,580$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.199%7.560%
1st payment$1,475.39$1,475.39$2,843.89
2nd payment$0.00$735.26$0.00
Taxes / mo$437.33$437.33$437.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$296.00$296.00$296.00
Total monthly$2,375.39$3,110.65$3,826.69
Cash to close$144,035$46,000$46,000