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$225,957$225,957$283,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$57,543$0
Funding fee$1,130$1,130$0
Note rate3.850%3.850%7.400%
Blended rate3.850%4.895%7.640%
1st payment$1,155.93$1,155.93$1,962.90
2nd payment$0.00$431.57$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,450.60$1,882.17$2,314.26
Cash to close$89,043$31,500$31,500