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$319,497$319,497$423,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$103,503$0
Funding fee$1,597$1,597$0
Note rate3.000%3.000%7.320%
Blended rate3.000%4.223%7.560%
1st payment$1,612.06$1,612.06$2,905.72
2nd payment$0.00$690.02$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$323.00$323.00$323.00
Total monthly$2,493.39$3,183.42$3,871.65
Cash to close$150,503$47,000$47,000