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$360,003$360,003$468,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$107,997$0
Funding fee$1,800$1,800$0
Note rate3.650%3.650%7.400%
Blended rate3.650%4.654%7.640%
1st payment$1,916.21$1,916.21$3,240.34
2nd payment$0.00$719.98$0.00
Taxes / mo$325.42$325.42$325.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$70.00$70.00$70.00
Total monthly$2,478.29$3,198.27$3,896.02
Cash to close$159,997$52,000$52,000