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$235,591$235,591$354,600
Remaining term (yrs)25.425.430.0
Secondary amount$0$119,009$0
Funding fee$1,178$1,178$0
Note rate3.220%3.220%7.320%
Blended rate3.220%4.824%7.560%
1st payment$1,129.74$1,129.74$2,435.86
2nd payment$0.00$793.39$0.00
Taxes / mo$467.00$467.00$467.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.74$2,540.14$3,123.78
Cash to close$158,409$39,400$39,400