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$232,741$232,741$382,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$149,759$0
Funding fee$1,164$1,164$0
Note rate3.150%3.150%7.400%
Blended rate3.150%5.049%7.640%
1st payment$1,158.14$1,158.14$2,648.35
2nd payment$0.00$998.39$0.00
Taxes / mo$261.92$261.92$261.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,570.06$2,568.45$3,136.77
Cash to close$192,259$42,500$42,500