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$235,140$235,140$387,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$151,860$0
Funding fee$1,176$1,176$0
Note rate3.820%3.820%7.400%
Blended rate3.820%5.460%7.640%
1st payment$1,284.52$1,284.52$2,679.51
2nd payment$0.00$1,012.40$0.00
Taxes / mo$49.83$49.83$49.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$25.83$25.83$25.83
Total monthly$1,510.18$2,522.58$2,982.57
Cash to close$194,860$43,000$43,000