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$256,756$256,756$307,800
Remaining term (yrs)24.624.630.0
Secondary amount$0$51,044$0
Funding fee$1,284$1,284$0
Note rate3.040%3.040%7.320%
Blended rate3.040%4.028%7.560%
1st payment$1,231.17$1,231.17$2,114.37
2nd payment$0.00$382.83$0.00
Taxes / mo$141.00$141.00$141.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,522.17$1,905.00$2,466.93
Cash to close$85,244$34,200$34,200