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$238,640$238,640$355,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$116,860$0
Funding fee$1,193$1,193$0
Note rate3.160%3.160%7.320%
Blended rate3.160%4.751%7.560%
1st payment$1,183.20$1,183.20$2,442.04
2nd payment$0.00$779.07$0.00
Taxes / mo$125.50$125.50$125.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$45.00$45.00$45.00
Total monthly$1,503.70$2,282.77$2,833.64
Cash to close$156,360$39,500$39,500