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$103,807$103,807$360,000
Remaining term (yrs)5.15.130.0
Secondary amount$0$256,193$0
Funding fee$519$519$0
Note rate2.840%2.840%7.320%
Blended rate2.840%6.334%7.560%
1st payment$1,775.57$1,775.57$2,472.95
2nd payment$0.00$1,654.58$0.00
Taxes / mo$416.58$416.58$416.58
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$2,342.16$3,996.73$3,111.53
Cash to close$296,193$40,000$40,000