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$302,586$302,586$395,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$93,324$0
Funding fee$1,513$1,513$0
Note rate3.600%3.600%7.320%
Blended rate3.600%4.873%7.560%
1st payment$1,609.94$1,609.94$2,719.63
2nd payment$0.00$699.93$0.00
Taxes / mo$291.50$291.50$291.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$280.00$280.00$280.00
Total monthly$2,331.44$3,031.37$3,520.31
Cash to close$137,314$43,990$43,990