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$176,594$176,594$360,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$183,406$0
Funding fee$883$883$0
Note rate2.940%2.940%7.320%
Blended rate2.940%5.518%7.560%
1st payment$851.39$851.39$2,472.95
2nd payment$0.00$1,222.70$0.00
Taxes / mo$340.17$340.17$340.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$40.00$40.00$40.00
Total monthly$1,381.56$2,604.26$3,075.12
Cash to close$223,406$40,000$40,000