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$343,900$343,900$351,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$26,600$0
Funding fee$1,719$1,719$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.730%7.640%
1st payment$1,630.87$1,630.87$2,430.25
2nd payment$0.00$263.23$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,105.87$2,369.10$2,975.45
Cash to close$46,100$19,500$39,000