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$315,612$315,612$323,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,293$0
Funding fee$1,578$1,578$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.098%7.640%
1st payment$1,552.18$1,552.18$2,242.69
2nd payment$0.00$260.19$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$224.00$224.00$224.00
Total monthly$2,226.09$2,486.28$2,981.39
Cash to close$44,288$17,995$35,990