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$254,008$254,008$382,500
Remaining term (yrs)33.833.830.0
Secondary amount$0$128,492$0
Funding fee$1,270$1,270$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.819%7.640%
1st payment$1,025.05$1,025.05$2,648.35
2nd payment$0.00$856.62$0.00
Taxes / mo$104.08$104.08$104.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$16.67$16.67$16.67
Total monthly$1,295.80$2,152.42$2,995.61
Cash to close$170,992$42,500$42,500