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$290,725$290,725$323,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,375$0
Funding fee$1,454$1,454$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.096%7.640%
1st payment$1,445.44$1,445.44$2,237.08
2nd payment$0.00$242.81$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$100.00$100.00$100.00
Total monthly$1,994.60$2,237.42$2,850.87
Cash to close$68,275$35,900$35,900