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$208,643$208,643$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$151,357$0
Funding fee$1,043$1,043$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.079%7.640%
1st payment$1,010.45$1,010.45$2,492.57
2nd payment$0.00$1,009.05$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$281.00$281.00$281.00
Total monthly$1,841.45$2,850.49$3,395.57
Cash to close$191,357$40,000$40,000