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$354,115$354,115$360,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$25,885$0
Funding fee$1,771$1,771$0
Note rate5.000%5.000%7.320%
Blended rate5.000%5.468%7.560%
1st payment$2,039.92$2,039.92$2,472.95
2nd payment$0.00$256.16$0.00
Taxes / mo$476.00$476.00$476.00
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$2,665.92$2,922.08$3,170.95
Cash to close$45,885$20,000$40,000