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$251,976$251,976$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$135,024$0
Funding fee$1,260$1,260$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.849%7.640%
1st payment$1,249.32$1,249.32$2,679.51
2nd payment$0.00$900.16$0.00
Taxes / mo$256.83$256.83$256.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$400.00$400.00$400.00
Total monthly$2,056.16$2,956.31$3,563.74
Cash to close$178,024$43,000$43,000