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$247,415$247,415$377,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$130,495$0
Funding fee$1,237$1,237$0
Note rate3.820%3.820%7.320%
Blended rate3.820%5.263%7.560%
1st payment$1,348.51$1,348.51$2,595.98
2nd payment$0.00$869.97$0.00
Taxes / mo$719.58$719.58$719.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,218.09$3,088.06$3,541.14
Cash to close$172,485$41,990$41,990