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$386,240$386,240$396,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$31,760$0
Funding fee$1,931$1,931$0
Note rate3.550%3.550%7.320%
Blended rate3.550%4.183%7.560%
1st payment$1,920.32$1,920.32$2,720.25
2nd payment$0.00$314.29$0.00
Taxes / mo$125.42$125.42$125.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,195.74$2,510.03$3,074.86
Cash to close$53,760$22,000$44,000