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$306,015$306,015$404,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$98,895$0
Funding fee$1,530$1,530$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.987%7.640%
1st payment$1,541.66$1,541.66$2,803.52
2nd payment$0.00$741.71$0.00
Taxes / mo$11.17$11.17$11.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,702.83$2,444.54$3,045.66
Cash to close$143,885$44,990$44,990