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$209,371$209,371$309,600
Remaining term (yrs)23.023.030.0
Secondary amount$0$100,229$0
Funding fee$1,047$1,047$0
Note rate3.650%3.650%7.320%
Blended rate3.650%5.058%7.560%
1st payment$1,116.98$1,116.98$2,126.74
2nd payment$0.00$668.19$0.00
Taxes / mo$286.67$286.67$286.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.92
HOA / mo$16.92$16.92$16.92
Total monthly$1,570.57$2,238.76$2,642.24
Cash to close$134,629$34,400$34,400