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$221,874$221,874$292,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$70,626$0
Funding fee$1,109$1,109$0
Note rate3.760%3.760%7.400%
Blended rate3.760%5.025%7.640%
1st payment$1,124.08$1,124.08$2,025.21
2nd payment$0.00$529.69$0.00
Taxes / mo$195.25$195.25$195.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,469.33$1,999.02$2,428.96
Cash to close$103,126$32,500$32,500