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$315,456$315,456$333,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$36,044$0
Funding fee$1,577$1,577$0
Note rate3.560%3.560%7.400%
Blended rate3.560%4.413%7.640%
1st payment$1,570.10$1,570.10$2,305.62
2nd payment$0.00$356.68$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$20.00$20.00$20.00
Total monthly$2,048.43$2,405.12$2,850.56
Cash to close$54,544$18,500$37,000