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$293,574$293,574$314,999
Remaining term (yrs)25.425.430.0
Secondary amount$0$38,925$0
Funding fee$1,468$1,468$0
Note rate3.920%3.920%7.320%
Blended rate3.920%4.851%7.560%
1st payment$1,516.04$1,516.04$2,163.83
2nd payment$0.00$385.20$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,957.71$2,342.90$2,668.49
Cash to close$56,425$17,500$35,000