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$225,149$225,149$332,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$106,951$0
Funding fee$1,126$1,126$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.685%7.640%
1st payment$1,068.90$1,068.90$2,299.39
2nd payment$0.00$713.01$0.00
Taxes / mo$131.08$131.08$131.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$291.67$291.67$291.67
Total monthly$1,641.65$2,354.66$2,938.57
Cash to close$143,851$36,900$36,900