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$296,570$296,570$319,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$40,680$0
Funding fee$1,483$1,483$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.677%7.640%
1st payment$1,494.08$1,494.08$2,212.15
2nd payment$0.00$402.56$0.00
Taxes / mo$237.25$237.25$237.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.33$2,283.89$2,663.30
Cash to close$58,430$17,750$35,500