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$288,523$288,523$377,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$88,577$0
Funding fee$1,443$1,443$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.547%7.560%
1st payment$1,407.73$1,407.73$2,590.42
2nd payment$0.00$664.33$0.00
Taxes / mo$450.08$450.08$450.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,007.82$2,672.14$3,265.92
Cash to close$130,477$41,900$41,900