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$296,091$296,091$360,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$63,909$0
Funding fee$1,480$1,480$0
Note rate3.850%3.850%7.400%
Blended rate3.850%4.764%7.640%
1st payment$1,514.72$1,514.72$2,492.57
2nd payment$0.00$479.32$0.00
Taxes / mo$124.92$124.92$124.92
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$1,789.64$2,268.95$2,839.48
Cash to close$103,909$40,000$40,000