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$283,941$283,941$296,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$28,609$0
Funding fee$1,420$1,420$0
Note rate3.400%3.400%7.400%
Blended rate3.400%4.176%7.640%
1st payment$1,463.49$1,463.49$2,050.14
2nd payment$0.00$283.11$0.00
Taxes / mo$209.75$209.75$209.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$512.00$512.00$512.00
Total monthly$2,335.24$2,618.35$2,981.11
Cash to close$45,059$16,450$32,900