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$206,106$206,106$252,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$45,894$0
Funding fee$1,031$1,031$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.183%7.640%
1st payment$980.61$980.61$1,744.80
2nd payment$0.00$344.20$0.00
Taxes / mo$160.33$160.33$160.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$51.67$51.67$51.67
Total monthly$1,342.61$1,686.81$2,157.20
Cash to close$73,894$28,000$28,000