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$245,406$245,406$359,999
Remaining term (yrs)22.822.830.0
Secondary amount$0$114,593$0
Funding fee$1,227$1,227$0
Note rate3.125%3.125%7.320%
Blended rate3.125%4.677%7.560%
1st payment$1,250.86$1,250.86$2,472.94
2nd payment$0.00$763.95$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$404.00$404.00$404.00
Total monthly$2,138.19$2,902.14$3,432.28
Cash to close$154,593$40,000$40,000