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$221,032$221,032$251,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$30,878$0
Funding fee$1,105$1,105$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.823%7.560%
1st payment$1,050.46$1,050.46$1,730.45
2nd payment$0.00$231.59$0.00
Taxes / mo$37.50$37.50$37.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,237.96$1,469.55$1,968.33
Cash to close$58,868$27,990$27,990