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$263,474$263,474$327,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$64,126$0
Funding fee$1,317$1,317$0
Note rate3.040%3.040%7.400%
Blended rate3.040%4.207%7.640%
1st payment$1,263.39$1,263.39$2,268.24
2nd payment$0.00$480.94$0.00
Taxes / mo$420.50$420.50$420.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.52
HOA / mo$126.00$126.00$126.00
Total monthly$1,959.89$2,440.83$3,030.26
Cash to close$100,526$36,400$36,400