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$241,701$241,701$373,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$131,799$0
Funding fee$1,209$1,209$0
Note rate3.010%3.010%7.320%
Blended rate3.010%4.771%7.560%
1st payment$1,142.33$1,142.33$2,565.69
2nd payment$0.00$878.66$0.00
Taxes / mo$333.58$333.58$333.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$17.50$17.50$17.50
Total monthly$1,643.42$2,522.08$3,141.47
Cash to close$173,299$41,500$41,500