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$350,236$350,236$418,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$68,264$0
Funding fee$1,751$1,751$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.046%7.640%
1st payment$1,690.52$1,690.52$2,897.61
2nd payment$0.00$511.98$0.00
Taxes / mo$222.92$222.92$222.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,080.10$2,592.08$3,370.89
Cash to close$114,764$46,500$46,500