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$351,002$351,002$468,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$116,998$0
Funding fee$1,755$1,755$0
Note rate2.990%2.990%7.240%
Blended rate2.990%4.242%7.480%
1st payment$1,705.31$1,705.31$3,189.41
2nd payment$0.00$779.99$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,305.31$3,085.30$3,883.01
Cash to close$168,998$52,000$52,000