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$354,293$354,293$485,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$131,706$0
Funding fee$1,771$1,771$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.472%7.640%
1st payment$1,760.71$1,760.71$3,364.96
2nd payment$0.00$878.04$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$118.00$118.00$118.00
Total monthly$2,495.38$3,373.42$4,196.83
Cash to close$185,706$54,000$54,000