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$206,943$206,943$245,700
Remaining term (yrs)25.125.130.0
Secondary amount$0$38,757$0
Funding fee$1,035$1,035$0
Note rate3.875%3.875%7.320%
Blended rate3.875%4.683%7.560%
1st payment$1,071.76$1,071.76$1,687.79
2nd payment$0.00$290.67$0.00
Taxes / mo$227.50$227.50$227.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.14
HOA / mo$35.00$35.00$35.00
Total monthly$1,484.26$1,774.94$2,149.43
Cash to close$66,057$27,300$27,300