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$282,836$282,836$391,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$108,664$0
Funding fee$1,414$1,414$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.438%7.640%
1st payment$1,339.74$1,339.74$2,710.67
2nd payment$0.00$724.43$0.00
Taxes / mo$362.50$362.50$362.50
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$1,852.24$2,576.67$3,301.47
Cash to close$152,164$43,500$43,500