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$291,924$291,924$373,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$81,576$0
Funding fee$1,460$1,460$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.389%7.560%
1st payment$1,387.38$1,387.38$2,565.69
2nd payment$0.00$611.82$0.00
Taxes / mo$295.25$295.25$295.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.63$2,444.45$3,085.64
Cash to close$123,076$41,500$41,500