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$255,068$255,068$355,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$100,432$0
Funding fee$1,275$1,275$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.542%7.560%
1st payment$1,273.23$1,273.23$2,442.04
2nd payment$0.00$669.55$0.00
Taxes / mo$357.17$357.17$357.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$75.00$75.00$75.00
Total monthly$1,855.39$2,524.94$3,095.31
Cash to close$139,932$39,500$39,500