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$215,483$215,483$238,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$36,267$0
Funding fee$1,077$1,077$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.929%7.640%
1st payment$1,093.81$1,093.81$1,651.33
2nd payment$0.00$358.89$0.00
Taxes / mo$120.27$120.27$120.27
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,364.08$1,722.97$1,969.29
Cash to close$49,517$13,250$26,500