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$242,094$242,094$341,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$99,816$0
Funding fee$1,210$1,210$0
Note rate3.150%3.150%7.400%
Blended rate3.150%4.858%7.640%
1st payment$1,199.06$1,199.06$2,367.32
2nd payment$0.00$748.62$0.00
Taxes / mo$297.67$297.67$297.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,646.73$2,395.35$2,883.36
Cash to close$137,806$37,990$37,990