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$290,364$290,364$427,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$137,136$0
Funding fee$1,452$1,452$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.611%7.640%
1st payment$1,360.34$1,360.34$2,959.92
2nd payment$0.00$914.24$0.00
Taxes / mo$303.50$303.50$303.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,830.50$2,744.74$3,515.59
Cash to close$184,636$47,500$47,500