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$264,348$264,348$288,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$39,652$0
Funding fee$1,322$1,322$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.218%7.560%
1st payment$1,254.90$1,254.90$1,978.36
2nd payment$0.00$392.39$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$626.00$626.00$626.00
Total monthly$2,297.56$2,689.96$3,078.63
Cash to close$55,652$16,000$32,000