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$243,121$243,121$269,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$25,979$0
Funding fee$1,216$1,216$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.670%7.640%
1st payment$1,152.94$1,152.94$1,863.19
2nd payment$0.00$194.84$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$493.00$493.00$493.00
Total monthly$2,045.11$2,239.95$2,809.18
Cash to close$55,879$29,900$29,900