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$314,423$314,423$387,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$72,577$0
Funding fee$1,572$1,572$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.198%7.640%
1st payment$1,492.66$1,492.66$2,679.51
2nd payment$0.00$544.32$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$80.00$80.00$80.00
Total monthly$2,080.99$2,625.31$3,345.24
Cash to close$115,577$43,000$43,000