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$344,782$344,782$360,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$35,218$0
Funding fee$1,724$1,724$0
Note rate5.270%5.270%7.400%
Blended rate5.270%5.882%7.640%
1st payment$2,041.19$2,041.19$2,492.57
2nd payment$0.00$348.51$0.00
Taxes / mo$272.92$272.92$272.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$26.00$26.00$26.00
Total monthly$2,490.10$2,838.61$3,013.48
Cash to close$55,218$20,000$40,000