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$225,945$225,945$364,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$138,555$0
Funding fee$1,130$1,130$0
Note rate3.260%3.260%7.400%
Blended rate3.260%5.062%7.640%
1st payment$1,139.94$1,139.94$2,523.72
2nd payment$0.00$923.70$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$320.00$320.00$320.00
Total monthly$1,947.44$2,871.14$3,404.12
Cash to close$179,055$40,500$40,500