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$291,931$291,931$360,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$68,069$0
Funding fee$1,460$1,460$0
Note rate4.720%4.720%7.400%
Blended rate4.720%5.529%7.640%
1st payment$1,634.07$1,634.07$2,492.57
2nd payment$0.00$510.52$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$2,117.40$2,627.92$3,047.90
Cash to close$108,069$40,000$40,000