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$350,332$350,332$494,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$143,768$0
Funding fee$1,752$1,752$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.533%7.640%
1st payment$1,663.21$1,663.21$3,421.05
2nd payment$0.00$958.45$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$398.00$398.00$398.00
Total monthly$2,685.37$3,643.83$4,542.04
Cash to close$198,668$54,900$54,900