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$243,266$243,266$382,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$139,234$0
Funding fee$1,216$1,216$0
Note rate3.260%3.260%7.400%
Blended rate3.260%4.985%7.640%
1st payment$1,227.32$1,227.32$2,648.35
2nd payment$0.00$928.23$0.00
Taxes / mo$120.17$120.17$120.17
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$1,497.49$2,425.72$2,995.02
Cash to close$181,734$42,500$42,500