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$256,396$256,396$373,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$117,104$0
Funding fee$1,282$1,282$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.691%7.640%
1st payment$1,250.98$1,250.98$2,586.04
2nd payment$0.00$780.69$0.00
Taxes / mo$213.92$213.92$213.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,614.90$2,395.59$3,024.66
Cash to close$158,604$41,500$41,500