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$389,453$389,453$400,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,297$0
Funding fee$1,947$1,947$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.206%7.640%
1st payment$1,940.20$1,940.20$2,772.98
2nd payment$0.00$329.50$0.00
Taxes / mo$144.10$144.10$144.10
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,234.30$2,563.80$3,147.18
Cash to close$55,547$22,250$44,500