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$278,490$278,490$355,725
Remaining term (yrs)22.922.930.0
Secondary amount$0$77,235$0
Funding fee$1,392$1,392$0
Note rate3.500%3.500%7.400%
Blended rate3.500%4.694%7.640%
1st payment$1,467.00$1,467.00$2,462.97
2nd payment$0.00$579.26$0.00
Taxes / mo$33.17$33.17$33.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.15
HOA / mo$70.33$70.33$70.33
Total monthly$1,720.50$2,299.76$2,787.61
Cash to close$116,760$39,525$39,525