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$251,741$251,741$382,499
Remaining term (yrs)23.523.530.0
Secondary amount$0$130,758$0
Funding fee$1,259$1,259$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.005%7.640%
1st payment$1,298.20$1,298.20$2,648.35
2nd payment$0.00$871.72$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,802.37$2,674.09$3,229.01
Cash to close$173,258$42,500$42,500