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$360,723$360,723$405,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$44,277$0
Funding fee$1,804$1,804$0
Note rate3.180%3.180%7.400%
Blended rate3.180%3.816%7.640%
1st payment$1,760.00$1,760.00$2,804.14
2nd payment$0.00$332.08$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$280.00$280.00$280.00
Total monthly$2,370.00$2,702.08$3,495.14
Cash to close$89,277$45,000$45,000