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$200,964$200,964$240,750
Remaining term (yrs)23.623.630.0
Secondary amount$0$39,786$0
Funding fee$1,005$1,005$0
Note rate3.200%3.200%7.400%
Blended rate3.200%4.158%7.640%
1st payment$1,007.60$1,007.60$1,666.90
2nd payment$0.00$298.39$0.00
Taxes / mo$682.83$682.83$682.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.15
HOA / mo$8.33$8.33$8.33
Total monthly$1,848.77$2,147.16$2,556.22
Cash to close$66,536$26,750$26,750