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$281,221$281,221$429,300
Remaining term (yrs)23.423.430.0
Secondary amount$0$148,079$0
Funding fee$1,406$1,406$0
Note rate3.510%3.510%7.400%
Blended rate3.510%5.059%7.640%
1st payment$1,465.81$1,465.81$2,972.39
2nd payment$0.00$987.19$0.00
Taxes / mo$185.08$185.08$185.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.86
HOA / mo$41.67$41.67$41.67
Total monthly$1,859.23$2,846.42$3,451.67
Cash to close$195,779$47,700$47,700