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$231,221$231,221$292,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$61,279$0
Funding fee$1,156$1,156$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.297%7.640%
1st payment$1,107.44$1,107.44$2,025.21
2nd payment$0.00$459.59$0.00
Taxes / mo$297.08$297.08$297.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$20.83$20.83$20.83
Total monthly$1,575.35$2,034.94$2,551.62
Cash to close$93,779$32,500$32,500