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$290,985$290,985$360,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$69,015$0
Funding fee$1,455$1,455$0
Note rate3.500%3.500%7.320%
Blended rate3.500%4.554%7.560%
1st payment$1,515.16$1,515.16$2,472.95
2nd payment$0.00$517.61$0.00
Taxes / mo$337.83$337.83$337.83
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$2,003.00$2,520.61$3,032.78
Cash to close$109,015$40,000$40,000