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$212,074$212,074$261,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$48,926$0
Funding fee$1,060$1,060$0
Note rate3.470%3.470%7.400%
Blended rate3.470%4.507%7.640%
1st payment$1,098.39$1,098.39$1,807.11
2nd payment$0.00$366.95$0.00
Taxes / mo$106.44$106.44$106.44
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$280.00$280.00$280.00
Total monthly$1,634.83$2,001.77$2,395.75
Cash to close$77,926$29,000$29,000