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$359,840$359,840$499,050
Remaining term (yrs)22.122.130.0
Secondary amount$0$139,210$0
Funding fee$1,799$1,799$0
Note rate4.830%4.830%7.320%
Blended rate4.830%5.714%7.560%
1st payment$2,201.64$2,201.64$3,428.13
2nd payment$0.00$928.07$0.00
Taxes / mo$323.58$323.58$323.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.81
HOA / mo$13.33$13.33$13.33
Total monthly$2,705.22$3,633.28$4,031.52
Cash to close$194,660$55,450$55,450