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$246,313$246,313$359,910
Remaining term (yrs)22.022.030.0
Secondary amount$0$113,597$0
Funding fee$1,232$1,232$0
Note rate3.500%3.500%7.400%
Blended rate3.500%4.920%7.640%
1st payment$1,332.47$1,332.47$2,491.94
2nd payment$0.00$757.31$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,640.88$2,398.20$2,872.34
Cash to close$153,587$39,990$39,990