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$223,659$223,659$360,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$136,341$0
Funding fee$1,118$1,118$0
Note rate3.940%3.940%7.320%
Blended rate3.940%5.478%7.560%
1st payment$1,312.88$1,312.88$2,472.95
2nd payment$0.00$908.94$0.00
Taxes / mo$111.33$111.33$111.33
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$1,574.21$2,483.15$2,806.28
Cash to close$176,341$40,000$40,000