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$345,691$345,691$492,300
Remaining term (yrs)25.325.330.0
Secondary amount$0$146,609$0
Funding fee$1,728$1,728$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.559%7.640%
1st payment$1,639.36$1,639.36$3,408.59
2nd payment$0.00$977.39$0.00
Taxes / mo$455.83$455.83$455.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.46
HOA / mo$0.00$0.00$0.00
Total monthly$2,261.86$3,239.25$4,129.55
Cash to close$201,309$54,700$54,700