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$272,006$272,006$288,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,994$0
Funding fee$1,360$1,360$0
Note rate3.850%3.850%7.400%
Blended rate3.850%4.695%7.640%
1st payment$1,391.51$1,391.51$1,994.05
2nd payment$0.00$316.60$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$17.50$17.50$17.50
Total monthly$1,825.67$2,142.28$2,485.82
Cash to close$47,994$16,000$32,000