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$235,017$235,017$256,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$35,638$0
Funding fee$1,175$1,175$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.255%7.640%
1st payment$1,114.51$1,114.51$1,775.33
2nd payment$0.00$352.67$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,409.18$1,761.85$2,121.28
Cash to close$49,883$14,245$28,490