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$224,861$224,861$328,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$103,639$0
Funding fee$1,124$1,124$0
Note rate3.140%3.140%7.400%
Blended rate3.140%4.673%7.640%
1st payment$1,075.71$1,075.71$2,274.47
2nd payment$0.00$690.92$0.00
Taxes / mo$108.33$108.33$108.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,334.04$2,024.96$2,598.50
Cash to close$140,139$36,500$36,500