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$349,032$349,032$423,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$73,968$0
Funding fee$1,745$1,745$0
Note rate3.050%3.050%7.320%
Blended rate3.050%4.090%7.560%
1st payment$1,653.26$1,653.26$2,905.72
2nd payment$0.00$554.76$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,211.59$2,766.35$3,548.65
Cash to close$120,968$47,000$47,000