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$291,742$291,742$360,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$68,258$0
Funding fee$1,459$1,459$0
Note rate3.890%3.890%7.400%
Blended rate3.890%4.859%7.640%
1st payment$1,507.51$1,507.51$2,492.57
2nd payment$0.00$511.94$0.00
Taxes / mo$100.31$100.31$100.31
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,757.81$2,269.75$2,814.88
Cash to close$108,258$40,000$40,000