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$295,614$295,614$315,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$36,886$0
Funding fee$1,478$1,478$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.056%7.640%
1st payment$1,426.87$1,426.87$2,181.00
2nd payment$0.00$365.02$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$230.00$230.00$230.00
Total monthly$1,938.95$2,303.97$2,756.08
Cash to close$54,386$17,500$35,000