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$263,720$263,720$348,750
Remaining term (yrs)25.125.130.0
Secondary amount$0$85,030$0
Funding fee$1,319$1,319$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.516%7.560%
1st payment$1,251.91$1,251.91$2,395.67
2nd payment$0.00$637.73$0.00
Taxes / mo$27.17$27.17$27.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.75
HOA / mo$50.00$50.00$50.00
Total monthly$1,479.08$2,116.81$2,692.59
Cash to close$123,780$38,750$38,750