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$356,330$356,330$459,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$102,670$0
Funding fee$1,782$1,782$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.157%7.640%
1st payment$1,714.36$1,714.36$3,178.02
2nd payment$0.00$684.47$0.00
Taxes / mo$148.00$148.00$148.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,029.03$2,713.50$3,584.49
Cash to close$153,670$51,000$51,000