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$244,854$244,854$296,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$52,056$0
Funding fee$1,224$1,224$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.068%7.640%
1st payment$1,193.40$1,193.40$2,055.74
2nd payment$0.00$390.42$0.00
Taxes / mo$147.08$147.08$147.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$290.00$290.00$290.00
Total monthly$1,780.48$2,170.90$2,702.21
Cash to close$85,046$32,990$32,990