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$246,637$246,637$314,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$68,273$0
Funding fee$1,233$1,233$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.442%7.640%
1st payment$1,200.70$1,200.70$2,180.37
2nd payment$0.00$512.05$0.00
Taxes / mo$420.17$420.17$420.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,770.87$2,282.91$2,813.52
Cash to close$103,263$34,990$34,990