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$216,708$216,708$292,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$75,792$0
Funding fee$1,084$1,084$0
Note rate3.125%3.125%7.400%
Blended rate3.125%4.647%7.640%
1st payment$1,070.51$1,070.51$2,025.21
2nd payment$0.00$568.44$0.00
Taxes / mo$187.58$187.58$187.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$32.50$32.50$32.50
Total monthly$1,440.59$2,009.03$2,453.79
Cash to close$108,292$32,500$32,500