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$243,457$243,457$260,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$31,093$0
Funding fee$1,217$1,217$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.067%7.640%
1st payment$1,153.21$1,153.21$1,800.88
2nd payment$0.00$307.69$0.00
Taxes / mo$262.15$262.15$262.15
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.36$1,873.05$2,265.05
Cash to close$45,543$14,450$28,900