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$253,797$253,797$395,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$142,113$0
Funding fee$1,269$1,269$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.827%7.640%
1st payment$1,221.06$1,221.06$2,741.20
2nd payment$0.00$947.42$0.00
Taxes / mo$186.42$186.42$186.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$60.00$60.00$60.00
Total monthly$1,617.48$2,564.90$3,216.80
Cash to close$186,103$43,990$43,990