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$323,298$323,298$391,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$68,202$0
Funding fee$1,616$1,616$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.103%7.640%
1st payment$1,531.40$1,531.40$2,710.67
2nd payment$0.00$511.51$0.00
Taxes / mo$326.56$326.56$326.56
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$4.17$4.17$4.17
Total monthly$2,012.13$2,523.65$3,269.70
Cash to close$111,702$43,500$43,500