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$256,231$256,231$359,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$103,679$0
Funding fee$1,281$1,281$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.761%7.640%
1st payment$1,321.36$1,321.36$2,491.94
2nd payment$0.00$691.19$0.00
Taxes / mo$474.00$474.00$474.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,945.36$2,636.55$3,187.93
Cash to close$143,669$39,990$39,990