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$246,098$246,098$395,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$149,812$0
Funding fee$1,230$1,230$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.948%7.640%
1st payment$1,170.84$1,170.84$2,741.20
2nd payment$0.00$998.75$0.00
Taxes / mo$118.08$118.08$118.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,438.92$2,437.67$3,088.47
Cash to close$193,802$43,990$43,990