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$280,351$280,351$341,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$61,559$0
Funding fee$1,402$1,402$0
Note rate3.140%3.140%7.400%
Blended rate3.140%4.195%7.640%
1st payment$1,341.16$1,341.16$2,367.32
2nd payment$0.00$461.69$0.00
Taxes / mo$316.58$316.58$316.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$82.00$82.00$82.00
Total monthly$1,889.74$2,351.44$2,984.28
Cash to close$99,549$37,990$37,990