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$334,029$334,029$350,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$35,521$0
Funding fee$1,670$1,670$0
Note rate3.120%3.120%7.400%
Blended rate3.120%3.962%7.640%
1st payment$1,587.57$1,587.57$2,424.02
2nd payment$0.00$351.51$0.00
Taxes / mo$232.67$232.67$232.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$75.00$75.00$75.00
Total monthly$2,045.23$2,396.74$2,951.71
Cash to close$54,971$19,450$38,900