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$211,497$211,497$301,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$90,003$0
Funding fee$1,057$1,057$0
Note rate3.150%3.150%7.320%
Blended rate3.150%4.896%7.560%
1st payment$1,052.43$1,052.43$2,071.10
2nd payment$0.00$675.02$0.00
Taxes / mo$213.67$213.67$213.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$9.17$9.17$9.17
Total monthly$1,425.26$2,100.29$2,504.23
Cash to close$123,503$33,500$33,500