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$276,125$276,125$409,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$133,375$0
Funding fee$1,381$1,381$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.932%7.640%
1st payment$1,357.98$1,357.98$2,835.30
2nd payment$0.00$889.17$0.00
Taxes / mo$1.42$1.42$1.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.06$2,415.23$3,085.28
Cash to close$178,875$45,500$45,500