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$308,498$308,498$350,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$41,602$0
Funding fee$1,542$1,542$0
Note rate3.550%3.550%7.320%
Blended rate3.550%4.198%7.560%
1st payment$1,527.68$1,527.68$2,404.94
2nd payment$0.00$312.01$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,001.84$2,313.86$2,949.13
Cash to close$80,502$38,900$38,900