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$238,217$238,217$395,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$156,883$0
Funding fee$1,191$1,191$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.997%7.640%
1st payment$1,163.79$1,163.79$2,735.59
2nd payment$0.00$1,045.89$0.00
Taxes / mo$175.08$175.08$175.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,488.87$2,534.76$3,139.70
Cash to close$200,783$43,900$43,900