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$284,500$284,500$396,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$111,500$0
Funding fee$1,422$1,422$0
Note rate3.080%3.080%7.320%
Blended rate3.080%4.465%7.560%
1st payment$1,373.22$1,373.22$2,720.25
2nd payment$0.00$743.34$0.00
Taxes / mo$212.17$212.17$212.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$70.00$70.00$70.00
Total monthly$1,805.39$2,548.73$3,231.61
Cash to close$155,500$44,000$44,000