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$305,201$305,201$427,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$122,299$0
Funding fee$1,526$1,526$0
Note rate3.600%3.600%7.400%
Blended rate3.600%4.859%7.640%
1st payment$1,623.86$1,623.86$2,959.92
2nd payment$0.00$815.33$0.00
Taxes / mo$291.08$291.08$291.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$12.58$12.58$12.58
Total monthly$2,094.19$2,909.51$3,515.75
Cash to close$169,799$47,500$47,500