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$245,742$245,742$296,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$51,168$0
Funding fee$1,229$1,229$0
Note rate3.820%3.820%7.400%
Blended rate3.820%4.713%7.640%
1st payment$1,342.44$1,342.44$2,055.74
2nd payment$0.00$383.76$0.00
Taxes / mo$408.75$408.75$408.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.19$2,284.94$2,673.88
Cash to close$84,158$32,990$32,990