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$272,396$272,396$355,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$83,104$0
Funding fee$1,362$1,362$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.479%7.640%
1st payment$1,291.78$1,291.78$2,461.41
2nd payment$0.00$623.28$0.00
Taxes / mo$196.92$196.92$196.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,638.69$2,261.97$2,879.43
Cash to close$122,604$39,500$39,500