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$228,431$228,431$292,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$64,069$0
Funding fee$1,142$1,142$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.455%7.560%
1st payment$1,112.06$1,112.06$2,009.27
2nd payment$0.00$480.52$0.00
Taxes / mo$185.17$185.17$185.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.23$1,927.75$2,402.94
Cash to close$96,569$32,500$32,500