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$277,477$277,477$315,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$37,523$0
Funding fee$1,387$1,387$0
Note rate3.220%3.220%7.320%
Blended rate3.220%3.909%7.560%
1st payment$1,330.60$1,330.60$2,163.83
2nd payment$0.00$281.43$0.00
Taxes / mo$229.50$229.50$229.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,710.10$1,991.53$2,606.33
Cash to close$72,523$35,000$35,000