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$314,476$314,476$342,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$27,524$0
Funding fee$1,572$1,572$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.575%7.560%
1st payment$1,494.56$1,494.56$2,349.30
2nd payment$0.00$206.43$0.00
Taxes / mo$151.33$151.33$151.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$70.00$70.00$70.00
Total monthly$1,865.89$2,072.32$2,789.04
Cash to close$65,524$38,000$38,000