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$275,833$275,833$303,300
Remaining term (yrs)25.125.130.0
Secondary amount$0$27,467$0
Funding fee$1,379$1,379$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.589%7.640%
1st payment$1,306.53$1,306.53$2,099.99
2nd payment$0.00$206.00$0.00
Taxes / mo$198.17$198.17$198.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.70$1,860.70$2,508.81
Cash to close$61,167$33,700$33,700