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$305,702$305,702$382,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$76,798$0
Funding fee$1,529$1,529$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.285%7.640%
1st payment$1,449.72$1,449.72$2,648.35
2nd payment$0.00$575.99$0.00
Taxes / mo$145.10$145.10$145.10
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$19.67$19.67$19.67
Total monthly$1,764.49$2,340.48$3,039.62
Cash to close$119,298$42,500$42,500