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$235,593$235,593$261,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$25,407$0
Funding fee$1,178$1,178$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.647%7.640%
1st payment$1,118.39$1,118.39$1,807.11
2nd payment$0.00$190.55$0.00
Taxes / mo$135.08$135.08$135.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$499.00$499.00$499.00
Total monthly$1,902.48$2,093.03$2,643.39
Cash to close$54,407$29,000$29,000