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$303,063$303,063$431,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$128,936$0
Funding fee$1,515$1,515$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.541%7.640%
1st payment$1,488.43$1,488.43$2,991.07
2nd payment$0.00$859.58$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,055.10$2,914.68$3,644.14
Cash to close$176,936$48,000$48,000