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$209,359$209,359$238,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$29,141$0
Funding fee$1,047$1,047$0
Note rate3.040%3.040%7.400%
Blended rate3.040%3.768%7.640%
1st payment$1,003.90$1,003.90$1,651.33
2nd payment$0.00$218.56$0.00
Taxes / mo$359.08$359.08$359.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,512.98$1,731.54$2,208.11
Cash to close$55,641$26,500$26,500