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$282,363$282,363$359,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$77,547$0
Funding fee$1,412$1,412$0
Note rate3.130%3.130%7.320%
Blended rate3.130%4.395%7.560%
1st payment$1,398.84$1,398.84$2,472.33
2nd payment$0.00$581.60$0.00
Taxes / mo$509.17$509.17$509.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,058.00$2,639.61$3,203.48
Cash to close$117,537$39,990$39,990