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$347,113$347,113$391,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$44,387$0
Funding fee$1,736$1,736$0
Note rate3.110%3.110%7.400%
Blended rate3.110%3.778%7.640%
1st payment$1,651.49$1,651.49$2,710.67
2nd payment$0.00$332.90$0.00
Taxes / mo$317.59$317.59$317.59
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$20.83$20.83$20.83
Total monthly$2,139.91$2,472.81$3,277.39
Cash to close$87,887$43,500$43,500