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$239,101$239,101$301,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$62,399$0
Funding fee$1,196$1,196$0
Note rate3.000%3.000%7.320%
Blended rate3.000%4.242%7.560%
1st payment$1,146.76$1,146.76$2,071.10
2nd payment$0.00$467.99$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$35.00$35.00$35.00
Total monthly$1,471.60$1,939.59$2,456.23
Cash to close$95,899$33,500$33,500