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$300,217$300,217$423,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$122,783$0
Funding fee$1,501$1,501$0
Note rate3.290%3.290%7.320%
Blended rate3.290%4.657%7.560%
1st payment$1,526.46$1,526.46$2,905.72
2nd payment$0.00$818.56$0.00
Taxes / mo$434.67$434.67$434.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$41.25$41.25$41.25
Total monthly$2,169.04$2,987.60$3,632.90
Cash to close$169,783$47,000$47,000