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$238,574$238,574$256,455
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,129$0
Funding fee$1,193$1,193$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.141%7.640%
1st payment$1,131.38$1,131.38$1,775.64
2nd payment$0.00$317.94$0.00
Taxes / mo$55.00$55.00$55.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.29
HOA / mo$0.00$0.00$0.00
Total monthly$1,336.38$1,654.32$2,031.93
Cash to close$46,376$14,248$28,495