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$221,729$221,729$323,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$101,371$0
Funding fee$1,109$1,109$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.617%7.560%
1st payment$1,050.28$1,050.28$2,219.47
2nd payment$0.00$675.81$0.00
Taxes / mo$12.92$12.92$12.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.20$1,889.01$2,447.01
Cash to close$137,271$35,900$35,900