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$302,511$302,511$337,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$34,989$0
Funding fee$1,513$1,513$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.685%7.640%
1st payment$1,436.06$1,436.06$2,336.78
2nd payment$0.00$262.42$0.00
Taxes / mo$77.50$77.50$77.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,663.56$1,925.98$2,631.78
Cash to close$72,489$37,500$37,500