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$239,096$239,096$355,410
Remaining term (yrs)20.520.530.0
Secondary amount$0$116,314$0
Funding fee$1,195$1,195$0
Note rate4.100%4.100%7.400%
Blended rate4.100%5.376%7.640%
1st payment$1,431.11$1,431.11$2,460.79
2nd payment$0.00$775.43$0.00
Taxes / mo$290.58$290.58$290.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.08
HOA / mo$25.00$25.00$25.00
Total monthly$1,896.69$2,672.12$2,997.45
Cash to close$155,804$39,490$39,490