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$316,024$316,024$423,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$106,976$0
Funding fee$1,580$1,580$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.384%7.640%
1st payment$1,570.53$1,570.53$2,928.77
2nd payment$0.00$713.17$0.00
Taxes / mo$338.92$338.92$338.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,076.11$2,789.29$3,518.95
Cash to close$153,976$47,000$47,000