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$360,179$360,179$463,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$103,321$0
Funding fee$1,801$1,801$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.192%7.640%
1st payment$1,708.07$1,708.07$3,209.18
2nd payment$0.00$688.81$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$56.67$56.67$56.67
Total monthly$2,071.24$2,760.04$3,665.05
Cash to close$154,821$51,500$51,500