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$210,563$210,563$247,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$36,937$0
Funding fee$1,053$1,053$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.981%7.560%
1st payment$996.40$996.40$1,700.15
2nd payment$0.00$277.03$0.00
Taxes / mo$319.33$319.33$319.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$280.00$280.00$280.00
Total monthly$1,745.73$2,022.76$2,498.99
Cash to close$64,437$27,500$27,500