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$300,702$300,702$472,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$171,798$0
Funding fee$1,504$1,504$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.869%7.640%
1st payment$1,448.16$1,448.16$3,271.49
2nd payment$0.00$1,145.32$0.00
Taxes / mo$113.80$113.80$113.80
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$31.67$31.67$31.67
Total monthly$1,760.30$2,905.62$3,678.13
Cash to close$224,298$52,500$52,500