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$292,014$292,014$360,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$67,986$0
Funding fee$1,460$1,460$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.214%7.640%
1st payment$1,387.80$1,387.80$2,492.57
2nd payment$0.00$509.90$0.00
Taxes / mo$130.42$130.42$130.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$454.00$454.00$454.00
Total monthly$2,122.22$2,632.12$3,298.98
Cash to close$107,986$40,000$40,000