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$235,462$235,462$279,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$43,538$0
Funding fee$1,177$1,177$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.088%7.640%
1st payment$1,175.36$1,175.36$1,931.74
2nd payment$0.00$326.54$0.00
Taxes / mo$258.33$258.33$258.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,583.69$1,910.23$2,395.87
Cash to close$74,538$31,000$31,000