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$225,019$225,019$296,955
Remaining term (yrs)24.524.530.0
Secondary amount$0$71,936$0
Funding fee$1,125$1,125$0
Note rate3.080%3.080%7.320%
Blended rate3.080%4.514%7.560%
1st payment$1,086.12$1,086.12$2,039.87
2nd payment$0.00$539.52$0.00
Taxes / mo$680.53$680.53$680.53
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.39
HOA / mo$0.00$0.00$0.00
Total monthly$1,916.65$2,456.17$2,929.79
Cash to close$104,931$32,995$32,995