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$216,465$216,465$283,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$67,035$0
Funding fee$1,082$1,082$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.510%7.640%
1st payment$1,028.81$1,028.81$1,962.90
2nd payment$0.00$502.76$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$20.00$20.00$20.00
Total monthly$1,461.31$1,964.07$2,452.10
Cash to close$98,535$31,500$31,500