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$301,299$301,299$440,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$139,611$0
Funding fee$1,506$1,506$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.665%7.640%
1st payment$1,432.01$1,432.01$3,052.77
2nd payment$0.00$930.74$0.00
Taxes / mo$208.00$208.00$208.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$103.67$103.67$103.67
Total monthly$1,910.34$2,841.08$3,619.29
Cash to close$188,601$48,990$48,990