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$274,245$274,245$373,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$99,255$0
Funding fee$1,371$1,371$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.668%7.560%
1st payment$1,516.56$1,516.56$2,565.69
2nd payment$0.00$744.41$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$600.00$600.00$600.00
Total monthly$2,612.40$3,356.81$3,736.22
Cash to close$140,755$41,500$41,500