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$345,924$345,924$377,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$31,176$0
Funding fee$1,730$1,730$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.588%7.560%
1st payment$1,644.01$1,644.01$2,590.42
2nd payment$0.00$233.82$0.00
Taxes / mo$452.33$452.33$452.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,246.35$2,480.17$3,268.17
Cash to close$73,076$41,900$41,900