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$289,564$289,564$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$115,436$0
Funding fee$1,448$1,448$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.282%7.560%
1st payment$1,378.58$1,378.58$2,782.07
2nd payment$0.00$769.57$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$82.00$82.00$82.00
Total monthly$1,985.58$2,755.16$3,470.07
Cash to close$160,436$45,000$45,000