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$243,347$243,347$332,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$89,563$0
Funding fee$1,217$1,217$0
Note rate3.010%3.010%7.320%
Blended rate3.010%4.622%7.560%
1st payment$1,187.60$1,187.60$2,286.86
2nd payment$0.00$671.73$0.00
Taxes / mo$298.00$298.00$298.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$310.00$310.00$310.00
Total monthly$1,945.60$2,617.32$3,111.44
Cash to close$126,553$36,990$36,990