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$253,711$253,711$287,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$34,288$0
Funding fee$1,269$1,269$0
Note rate3.010%3.010%7.320%
Blended rate3.010%3.723%7.560%
1st payment$1,199.10$1,199.10$1,978.35
2nd payment$0.00$257.16$0.00
Taxes / mo$419.75$419.75$419.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$80.00$80.00$80.00
Total monthly$1,848.85$2,106.01$2,685.70
Cash to close$66,288$32,000$32,000