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$296,670$296,670$382,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$85,740$0
Funding fee$1,483$1,483$0
Note rate3.230%3.230%7.320%
Blended rate3.230%4.524%7.560%
1st payment$1,488.63$1,488.63$2,626.89
2nd payment$0.00$643.05$0.00
Taxes / mo$366.17$366.17$366.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$33.33$33.33$33.33
Total monthly$2,038.13$2,681.18$3,252.87
Cash to close$128,230$42,490$42,490