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$295,691$295,691$360,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$64,309$0
Funding fee$1,478$1,478$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.154%7.560%
1st payment$1,402.24$1,402.24$2,472.95
2nd payment$0.00$482.32$0.00
Taxes / mo$221.39$221.39$221.39
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$1,773.64$2,255.96$2,916.35
Cash to close$104,309$40,000$40,000