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$355,068$355,068$432,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$76,932$0
Funding fee$1,775$1,775$0
Note rate2.600%2.600%7.320%
Blended rate2.600%3.740%7.560%
1st payment$1,638.19$1,638.19$2,967.54
2nd payment$0.00$576.99$0.00
Taxes / mo$207.00$207.00$207.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$41.67$41.67$41.67
Total monthly$2,053.53$2,630.52$3,469.28
Cash to close$124,932$48,000$48,000