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$241,661$241,661$414,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$172,339$0
Funding fee$1,208$1,208$0
Note rate3.140%3.140%7.400%
Blended rate3.140%5.163%7.640%
1st payment$1,156.07$1,156.07$2,866.45
2nd payment$0.00$1,148.93$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,440.24$2,589.17$3,233.42
Cash to close$218,339$46,000$46,000