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$271,221$271,221$314,550
Remaining term (yrs)24.624.630.0
Secondary amount$0$43,329$0
Funding fee$1,356$1,356$0
Note rate3.040%3.040%7.400%
Blended rate3.040%3.861%7.640%
1st payment$1,300.53$1,300.53$2,177.88
2nd payment$0.00$324.97$0.00
Taxes / mo$172.08$172.08$172.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,622.62$1,947.58$2,562.87
Cash to close$78,279$34,950$34,950