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$285,346$285,346$315,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$29,654$0
Funding fee$1,427$1,427$0
Note rate3.140%3.140%7.320%
Blended rate3.140%3.692%7.560%
1st payment$1,365.05$1,365.05$2,163.83
2nd payment$0.00$222.41$0.00
Taxes / mo$105.00$105.00$105.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,620.05$1,842.46$2,481.83
Cash to close$64,654$35,000$35,000