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$232,458$232,458$318,600
Remaining term (yrs)25.425.430.0
Secondary amount$0$86,142$0
Funding fee$1,162$1,162$0
Note rate3.890%3.890%7.320%
Blended rate3.890%5.272%7.560%
1st payment$1,196.58$1,196.58$2,188.56
2nd payment$0.00$646.07$0.00
Taxes / mo$368.17$368.17$368.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.72
HOA / mo$60.00$60.00$60.00
Total monthly$1,774.75$2,420.82$2,830.45
Cash to close$121,542$35,400$35,400