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$319,622$319,622$350,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$31,288$0
Funding fee$1,598$1,598$0
Note rate3.110%3.110%7.320%
Blended rate3.110%3.635%7.560%
1st payment$1,517.41$1,517.41$2,410.51
2nd payment$0.00$234.66$0.00
Taxes / mo$239.33$239.33$239.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$40.00$40.00$40.00
Total monthly$1,946.74$2,181.41$2,910.02
Cash to close$70,278$38,990$38,990