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$258,741$258,741$342,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$83,259$0
Funding fee$1,294$1,294$0
Note rate3.300%3.300%7.400%
Blended rate3.300%4.688%7.640%
1st payment$1,313.87$1,313.87$2,367.94
2nd payment$0.00$624.44$0.00
Taxes / mo$585.25$585.25$585.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$14.58$14.58$14.58
Total monthly$2,063.70$2,688.14$3,186.17
Cash to close$121,259$38,000$38,000