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$229,445$229,445$243,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$27,055$0
Funding fee$1,147$1,147$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.026%7.640%
1st payment$1,135.78$1,135.78$1,682.48
2nd payment$0.00$267.73$0.00
Taxes / mo$225.00$225.00$225.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,510.78$1,778.51$2,106.08
Cash to close$40,555$13,500$27,000