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$281,129$281,129$418,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$137,371$0
Funding fee$1,406$1,406$0
Note rate3.170%3.170%7.400%
Blended rate3.170%4.755%7.640%
1st payment$1,370.18$1,370.18$2,897.61
2nd payment$0.00$915.81$0.00
Taxes / mo$390.25$390.25$390.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,927.10$2,842.91$3,538.23
Cash to close$183,871$46,500$46,500