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$309,066$309,066$404,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$95,034$0
Funding fee$1,545$1,545$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.419%7.640%
1st payment$1,460.72$1,460.72$2,797.91
2nd payment$0.00$712.75$0.00
Taxes / mo$213.83$213.83$213.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,824.55$2,537.31$3,242.56
Cash to close$139,934$44,900$44,900