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$298,114$298,114$382,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$84,386$0
Funding fee$1,491$1,491$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.674%7.640%
1st payment$1,466.12$1,466.12$2,648.35
2nd payment$0.00$632.90$0.00
Taxes / mo$347.09$347.09$347.09
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$152.00$152.00$152.00
Total monthly$2,115.20$2,748.10$3,373.94
Cash to close$126,886$42,500$42,500