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$242,068$242,068$399,600
Remaining term (yrs)25.425.430.0
Secondary amount$0$157,532$0
Funding fee$1,210$1,210$0
Note rate3.760%3.760%7.320%
Blended rate3.760%5.432%7.560%
1st payment$1,228.76$1,228.76$2,744.97
2nd payment$0.00$1,050.22$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,537.18$2,587.39$3,133.31
Cash to close$201,932$44,400$44,400