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$331,132$331,132$396,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$64,868$0
Funding fee$1,656$1,656$0
Note rate3.470%3.470%7.400%
Blended rate3.470%4.376%7.640%
1st payment$1,715.02$1,715.02$2,741.82
2nd payment$0.00$486.51$0.00
Taxes / mo$435.33$435.33$435.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$58.33$58.33$58.33
Total monthly$2,358.69$2,845.19$3,464.69
Cash to close$108,868$44,000$44,000