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$295,588$295,588$360,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$64,412$0
Funding fee$1,478$1,478$0
Note rate2.750%2.750%7.320%
Blended rate2.750%3.868%7.560%
1st payment$1,357.30$1,357.30$2,472.95
2nd payment$0.00$483.09$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$0.00$0.00$0.00
Total monthly$1,840.63$2,323.72$3,028.28
Cash to close$104,412$40,000$40,000