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$296,941$296,941$440,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$143,969$0
Funding fee$1,485$1,485$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.646%7.640%
1st payment$1,414.38$1,414.38$3,052.77
2nd payment$0.00$959.79$0.00
Taxes / mo$365.25$365.25$365.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,946.30$2,906.09$3,672.87
Cash to close$192,959$48,990$48,990