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$320,472$320,472$449,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$128,628$0
Funding fee$1,602$1,602$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.825%7.640%
1st payment$1,590.14$1,590.14$3,109.48
2nd payment$0.00$857.52$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,172.64$3,030.16$3,781.80
Cash to close$178,528$49,900$49,900