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$281,347$281,347$436,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$155,153$0
Funding fee$1,407$1,407$0
Note rate3.760%3.760%7.320%
Blended rate3.760%5.267%7.560%
1st payment$1,428.14$1,428.14$2,998.45
2nd payment$0.00$1,034.36$0.00
Taxes / mo$184.75$184.75$184.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$75.00$75.00$75.00
Total monthly$1,854.56$2,888.92$3,512.17
Cash to close$203,653$48,500$48,500