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$328,258$328,258$360,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$31,742$0
Funding fee$1,641$1,641$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.347%7.640%
1st payment$1,555.28$1,555.28$2,492.57
2nd payment$0.00$238.07$0.00
Taxes / mo$149.67$149.67$149.67
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$1,854.94$2,093.01$2,864.23
Cash to close$71,742$40,000$40,000