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$318,894$318,894$350,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$32,016$0
Funding fee$1,594$1,594$0
Note rate3.010%3.010%7.320%
Blended rate3.010%3.557%7.560%
1st payment$1,507.17$1,507.17$2,410.51
2nd payment$0.00$240.12$0.00
Taxes / mo$255.83$255.83$255.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$30.00$30.00$30.00
Total monthly$1,943.00$2,183.12$2,916.52
Cash to close$71,006$38,990$38,990