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$323,123$323,123$427,491
Remaining term (yrs)23.523.530.0
Secondary amount$0$104,368$0
Funding fee$1,616$1,616$0
Note rate3.240%3.240%7.320%
Blended rate3.240%4.402%7.560%
1st payment$1,630.64$1,630.64$2,936.57
2nd payment$0.00$695.79$0.00
Taxes / mo$638.18$638.18$638.18
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$89.00$89.00$89.00
Total monthly$2,524.49$3,220.27$3,915.91
Cash to close$151,867$47,499$47,499