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$257,025$257,025$359,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$102,974$0
Funding fee$1,285$1,285$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.580%7.640%
1st payment$1,287.02$1,287.02$2,492.56
2nd payment$0.00$686.49$0.00
Taxes / mo$213.50$213.50$213.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,650.52$2,337.01$2,928.06
Cash to close$142,974$40,000$40,000