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$216,558$216,558$380,250
Remaining term (yrs)25.325.330.0
Secondary amount$0$163,692$0
Funding fee$1,083$1,083$0
Note rate3.100%3.100%7.320%
Blended rate3.100%5.209%7.560%
1st payment$1,026.97$1,026.97$2,612.05
2nd payment$0.00$1,091.28$0.00
Taxes / mo$352.08$352.08$352.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.05
HOA / mo$638.00$638.00$638.00
Total monthly$2,167.06$3,258.34$3,828.19
Cash to close$205,942$42,250$42,250