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$346,977$346,977$373,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,523$0
Funding fee$1,735$1,735$0
Note rate3.450%3.450%7.400%
Blended rate3.450%3.844%7.640%
1st payment$1,706.42$1,706.42$2,586.04
2nd payment$0.00$198.93$0.00
Taxes / mo$754.50$754.50$754.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$86.67$86.67$86.67
Total monthly$2,697.59$2,896.52$3,651.91
Cash to close$68,023$41,500$41,500