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$225,653$225,653$369,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$143,347$0
Funding fee$1,128$1,128$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.218%7.640%
1st payment$1,163.67$1,163.67$2,554.88
2nd payment$0.00$955.65$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$85.00$85.00$85.00
Total monthly$1,740.33$2,695.98$3,205.35
Cash to close$184,347$41,000$41,000