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$248,709$248,709$315,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$66,291$0
Funding fee$1,244$1,244$0
Note rate3.830%3.830%7.400%
Blended rate3.830%4.918%7.640%
1st payment$1,430.59$1,430.59$2,181.00
2nd payment$0.00$497.18$0.00
Taxes / mo$256.50$256.50$256.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$464.00$464.00$464.00
Total monthly$2,301.09$2,798.28$3,114.50
Cash to close$101,291$35,000$35,000