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$262,181$262,181$360,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$97,819$0
Funding fee$1,311$1,311$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.761%7.640%
1st payment$1,324.32$1,324.32$2,492.57
2nd payment$0.00$733.65$0.00
Taxes / mo$166.58$166.58$166.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$425.00$425.00$425.00
Total monthly$2,065.90$2,799.55$3,306.15
Cash to close$137,819$40,000$40,000