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$210,996$210,996$251,991
Remaining term (yrs)23.923.930.0
Secondary amount$0$40,995$0
Funding fee$1,055$1,055$0
Note rate2.980%2.980%7.320%
Blended rate2.980%3.959%7.560%
1st payment$1,026.45$1,026.45$1,731.00
2nd payment$0.00$307.46$0.00
Taxes / mo$273.75$273.75$273.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$21.00$21.00$21.00
Total monthly$1,471.20$1,778.66$2,226.15
Cash to close$68,994$27,999$27,999