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$214,091$214,091$359,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$145,819$0
Funding fee$1,070$1,070$0
Note rate3.210%3.210%7.320%
Blended rate3.210%5.151%7.560%
1st payment$1,069.54$1,069.54$2,472.33
2nd payment$0.00$972.12$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$20.17$20.17$20.17
Total monthly$1,572.96$2,545.09$3,047.73
Cash to close$185,809$39,990$39,990