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$291,570$291,570$390,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$99,030$0
Funding fee$1,458$1,458$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.566%7.640%
1st payment$1,401.14$1,401.14$2,704.44
2nd payment$0.00$742.72$0.00
Taxes / mo$361.67$361.67$361.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.12
HOA / mo$350.00$350.00$350.00
Total monthly$2,262.81$3,005.53$3,644.22
Cash to close$142,430$43,400$43,400