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$358,180$358,180$472,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$114,320$0
Funding fee$1,791$1,791$0
Note rate2.860%2.860%7.240%
Blended rate2.860%4.104%7.480%
1st payment$1,712.13$1,712.13$3,220.08
2nd payment$0.00$762.13$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,316.30$3,078.43$3,918.75
Cash to close$166,820$52,500$52,500