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$238,725$238,725$409,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$170,775$0
Funding fee$1,194$1,194$0
Note rate3.130%3.130%7.400%
Blended rate3.130%5.161%7.640%
1st payment$1,179.89$1,179.89$2,835.30
2nd payment$0.00$1,138.50$0.00
Taxes / mo$161.08$161.08$161.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,507.64$2,646.14$3,244.95
Cash to close$216,275$45,500$45,500