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$298,507$298,507$342,900
Remaining term (yrs)23.123.130.0
Secondary amount$0$44,393$0
Funding fee$1,493$1,493$0
Note rate3.600%3.600%7.400%
Blended rate3.600%4.299%7.640%
1st payment$1,580.94$1,580.94$2,374.17
2nd payment$0.00$332.95$0.00
Taxes / mo$262.33$262.33$262.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,993.27$2,326.22$2,855.08
Cash to close$82,493$38,100$38,100