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$264,075$264,075$398,700
Remaining term (yrs)23.823.830.0
Secondary amount$0$134,625$0
Funding fee$1,320$1,320$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.794%7.640%
1st payment$1,312.36$1,312.36$2,760.52
2nd payment$0.00$897.50$0.00
Taxes / mo$1,000.42$1,000.42$1,000.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.74
HOA / mo$0.00$0.00$0.00
Total monthly$2,462.78$3,360.28$3,990.67
Cash to close$178,925$44,300$44,300