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$312,994$312,994$404,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$91,106$0
Funding fee$1,565$1,565$0
Note rate3.890%3.890%7.320%
Blended rate3.890%5.042%7.560%
1st payment$1,611.15$1,611.15$2,775.89
2nd payment$0.00$683.29$0.00
Taxes / mo$94.33$94.33$94.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.48$2,538.77$3,101.04
Cash to close$136,006$44,900$44,900