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$351,953$351,953$432,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$80,047$0
Funding fee$1,760$1,760$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.014%7.640%
1st payment$1,639.67$1,639.67$2,991.08
2nd payment$0.00$600.36$0.00
Taxes / mo$202.58$202.58$202.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$194.00$194.00$194.00
Total monthly$2,202.92$2,803.27$3,640.73
Cash to close$128,047$48,000$48,000