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$231,995$231,995$247,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$29,255$0
Funding fee$1,160$1,160$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.056%7.640%
1st payment$1,101.31$1,101.31$1,713.64
2nd payment$0.00$289.50$0.00
Taxes / mo$275.50$275.50$275.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.81$1,816.32$2,188.64
Cash to close$43,005$13,750$27,500