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$256,043$256,043$405,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$148,957$0
Funding fee$1,280$1,280$0
Note rate3.730%3.730%7.400%
Blended rate3.730%5.300%7.640%
1st payment$1,386.37$1,386.37$2,804.14
2nd payment$0.00$993.05$0.00
Taxes / mo$182.25$182.25$182.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$20.00$20.00$20.00
Total monthly$1,738.62$2,731.67$3,237.39
Cash to close$193,957$45,000$45,000