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$264,525$264,525$360,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$95,475$0
Funding fee$1,323$1,323$0
Note rate3.800%3.800%7.320%
Blended rate3.800%5.179%7.560%
1st payment$1,442.20$1,442.20$2,472.95
2nd payment$0.00$716.06$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$497.00$497.00$497.00
Total monthly$2,422.54$3,138.60$3,525.28
Cash to close$135,475$40,000$40,000