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$242,695$242,695$374,399
Remaining term (yrs)22.822.830.0
Secondary amount$0$131,704$0
Funding fee$1,213$1,213$0
Note rate3.800%3.800%7.400%
Blended rate3.800%5.277%7.640%
1st payment$1,323.18$1,323.18$2,592.26
2nd payment$0.00$878.03$0.00
Taxes / mo$181.67$181.67$181.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.88
HOA / mo$11.42$11.42$11.42
Total monthly$1,666.27$2,544.30$3,010.23
Cash to close$173,304$41,600$41,600