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$319,249$319,249$413,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$94,661$0
Funding fee$1,596$1,596$0
Note rate3.060%3.060%7.320%
Blended rate3.060%4.418%7.560%
1st payment$1,534.16$1,534.16$2,843.27
2nd payment$0.00$709.96$0.00
Taxes / mo$374.75$374.75$374.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$80.00$80.00$80.00
Total monthly$2,155.57$2,865.53$3,547.47
Cash to close$140,651$45,990$45,990