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$202,923$202,923$323,550
Remaining term (yrs)23.023.030.0
Secondary amount$0$120,627$0
Funding fee$1,015$1,015$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.272%7.640%
1st payment$1,082.58$1,082.58$2,240.19
2nd payment$0.00$804.18$0.00
Taxes / mo$631.33$631.33$631.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.71
HOA / mo$50.00$50.00$50.00
Total monthly$1,913.91$2,718.09$3,136.24
Cash to close$156,577$35,950$35,950