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$240,145$240,145$342,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$101,855$0
Funding fee$1,201$1,201$0
Note rate3.280%3.280%7.400%
Blended rate3.280%4.686%7.640%
1st payment$1,211.29$1,211.29$2,367.94
2nd payment$0.00$679.03$0.00
Taxes / mo$175.58$175.58$175.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,536.87$2,215.90$2,761.92
Cash to close$139,855$38,000$38,000