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$256,060$256,060$404,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$148,850$0
Funding fee$1,280$1,280$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.851%7.560%
1st payment$1,248.02$1,248.02$2,781.45
2nd payment$0.00$992.33$0.00
Taxes / mo$349.42$349.42$349.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$194.67$194.67$194.67
Total monthly$1,942.10$2,934.43$3,556.52
Cash to close$193,840$44,990$44,990