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$320,658$320,658$467,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$146,442$0
Funding fee$1,603$1,603$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.650%7.640%
1st payment$1,524.01$1,524.01$3,234.11
2nd payment$0.00$976.28$0.00
Taxes / mo$212.78$212.78$212.78
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.42
HOA / mo$20.83$20.83$20.83
Total monthly$1,924.29$2,900.57$3,727.80
Cash to close$198,342$51,900$51,900