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$374,202$374,202$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$30,798$0
Funding fee$1,871$1,871$0
Note rate3.220%3.220%7.320%
Blended rate3.220%3.660%7.560%
1st payment$1,794.43$1,794.43$2,782.07
2nd payment$0.00$230.99$0.00
Taxes / mo$335.92$335.92$335.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$20.33$20.33$20.33
Total monthly$2,300.68$2,531.67$3,369.32
Cash to close$75,798$45,000$45,000