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$309,931$309,931$418,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$108,569$0
Funding fee$1,550$1,550$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.312%7.560%
1st payment$1,514.15$1,514.15$2,874.80
2nd payment$0.00$723.79$0.00
Taxes / mo$385.25$385.25$385.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$57.00$57.00$57.00
Total monthly$2,123.06$2,846.86$3,567.42
Cash to close$155,069$46,500$46,500