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$293,345$293,345$332,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$38,755$0
Funding fee$1,467$1,467$0
Note rate2.790%2.790%7.240%
Blended rate2.790%3.515%7.480%
1st payment$1,375.20$1,375.20$2,263.26
2nd payment$0.00$290.66$0.00
Taxes / mo$307.50$307.50$307.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.70$2,123.36$2,787.18
Cash to close$75,655$36,900$36,900