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$240,884$240,884$319,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$78,616$0
Funding fee$1,204$1,204$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.612%7.560%
1st payment$1,175.30$1,175.30$2,194.74
2nd payment$0.00$589.62$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$16.92$16.92$16.92
Total monthly$1,638.05$2,227.67$2,721.40
Cash to close$114,116$35,500$35,500