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$356,024$356,024$387,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$30,976$0
Funding fee$1,780$1,780$0
Note rate3.850%3.850%7.400%
Blended rate3.850%4.262%7.640%
1st payment$1,821.32$1,821.32$2,679.51
2nd payment$0.00$232.32$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,329.65$2,561.97$3,265.24
Cash to close$73,976$43,000$43,000