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$243,558$243,558$337,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$93,942$0
Funding fee$1,218$1,218$0
Note rate3.550%3.550%7.320%
Blended rate3.550%5.067%7.560%
1st payment$1,210.93$1,210.93$2,318.39
2nd payment$0.00$704.56$0.00
Taxes / mo$197.42$197.42$197.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,558.35$2,262.91$2,733.31
Cash to close$131,442$37,500$37,500