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$304,523$304,523$350,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$46,387$0
Funding fee$1,523$1,523$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.837%7.640%
1st payment$1,442.43$1,442.43$2,429.63
2nd payment$0.00$347.91$0.00
Taxes / mo$324.92$324.92$324.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$5.00$5.00$5.00
Total monthly$1,922.34$2,270.25$2,979.73
Cash to close$85,377$38,990$38,990