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$265,295$265,295$355,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$90,205$0
Funding fee$1,326$1,326$0
Note rate3.050%3.050%7.320%
Blended rate3.050%4.560%7.560%
1st payment$1,279.28$1,279.28$2,442.04
2nd payment$0.00$676.54$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$3.17$3.17$3.17
Total monthly$1,832.45$2,508.99$3,066.31
Cash to close$129,705$39,500$39,500