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$232,818$232,818$346,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$113,682$0
Funding fee$1,164$1,164$0
Note rate3.140%3.140%7.400%
Blended rate3.140%4.735%7.640%
1st payment$1,143.95$1,143.95$2,399.10
2nd payment$0.00$757.88$0.00
Taxes / mo$234.58$234.58$234.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$21.00$21.00$21.00
Total monthly$1,549.53$2,307.41$2,873.98
Cash to close$152,182$38,500$38,500