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$311,329$311,329$391,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$80,171$0
Funding fee$1,557$1,557$0
Note rate3.600%3.600%7.320%
Blended rate3.600%4.706%7.560%
1st payment$1,641.34$1,641.34$2,689.33
2nd payment$0.00$601.28$0.00
Taxes / mo$429.94$429.94$429.94
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,221.28$2,822.56$3,347.57
Cash to close$123,671$43,500$43,500