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$215,372$215,372$292,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$77,038$0
Funding fee$1,077$1,077$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.713%7.640%
1st payment$1,072.57$1,072.57$2,024.59
2nd payment$0.00$577.79$0.00
Taxes / mo$180.08$180.08$180.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,402.65$1,980.44$2,413.15
Cash to close$109,528$32,490$32,490