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$300,012$300,012$387,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$86,988$0
Funding fee$1,500$1,500$0
Note rate3.140%3.140%7.400%
Blended rate3.140%4.457%7.640%
1st payment$1,435.22$1,435.22$2,679.51
2nd payment$0.00$652.41$0.00
Taxes / mo$30.33$30.33$30.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$93.00$93.00$93.00
Total monthly$1,708.55$2,360.96$3,030.24
Cash to close$129,988$43,000$43,000