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$317,570$317,570$445,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$127,930$0
Funding fee$1,588$1,588$0
Note rate3.890%3.890%7.320%
Blended rate3.890%5.070%7.560%
1st payment$1,634.70$1,634.70$3,060.28
2nd payment$0.00$852.87$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,213.87$3,066.73$3,728.54
Cash to close$177,430$49,500$49,500