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$216,598$216,598$346,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$129,902$0
Funding fee$1,083$1,083$0
Note rate3.090%3.090%7.320%
Blended rate3.090%4.931%7.560%
1st payment$1,044.25$1,044.25$2,380.21
2nd payment$0.00$866.01$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$685.00$685.00$685.00
Total monthly$2,200.09$3,066.10$3,605.35
Cash to close$168,402$38,500$38,500