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$338,223$338,223$413,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$75,687$0
Funding fee$1,691$1,691$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.179%7.560%
1st payment$1,607.41$1,607.41$2,843.27
2nd payment$0.00$567.65$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$40.00$40.00$40.00
Total monthly$2,008.58$2,576.23$3,327.22
Cash to close$121,677$45,990$45,990