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$266,993$266,993$346,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$79,507$0
Funding fee$1,335$1,335$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.423%7.640%
1st payment$1,283.04$1,283.04$2,399.10
2nd payment$0.00$596.30$0.00
Taxes / mo$186.91$186.91$186.91
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,619.95$2,216.25$2,805.30
Cash to close$118,007$38,500$38,500