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$287,739$287,739$386,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$98,361$0
Funding fee$1,439$1,439$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.087%7.640%
1st payment$1,546.95$1,546.95$2,673.28
2nd payment$0.00$737.71$0.00
Taxes / mo$273.25$273.25$273.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,970.20$2,707.90$3,173.75
Cash to close$141,261$42,900$42,900