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$309,471$309,471$360,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$50,529$0
Funding fee$1,547$1,547$0
Note rate3.550%3.550%7.320%
Blended rate3.550%4.315%7.560%
1st payment$1,538.64$1,538.64$2,472.95
2nd payment$0.00$378.97$0.00
Taxes / mo$292.95$292.95$292.95
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$1,981.59$2,360.56$2,987.90
Cash to close$90,529$40,000$40,000