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$268,745$268,745$360,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$91,255$0
Funding fee$1,344$1,344$0
Note rate3.500%3.500%7.400%
Blended rate3.500%4.894%7.640%
1st payment$1,393.01$1,393.01$2,492.57
2nd payment$0.00$684.41$0.00
Taxes / mo$326.98$326.98$326.98
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$45.00$45.00$45.00
Total monthly$1,914.98$2,599.39$3,086.54
Cash to close$131,255$40,000$40,000