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$214,920$214,920$332,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$117,990$0
Funding fee$1,075$1,075$0
Note rate3.060%3.060%7.320%
Blended rate3.060%4.811%7.560%
1st payment$1,032.80$1,032.80$2,286.86
2nd payment$0.00$786.60$0.00
Taxes / mo$180.50$180.50$180.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,363.30$2,149.90$2,683.94
Cash to close$154,980$36,990$36,990