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$231,517$231,517$252,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$34,483$0
Funding fee$1,158$1,158$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.629%7.640%
1st payment$1,151.06$1,151.06$1,744.80
2nd payment$0.00$341.24$0.00
Taxes / mo$79.33$79.33$79.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,380.40$1,721.64$2,024.53
Cash to close$48,483$14,000$28,000