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$216,977$216,977$269,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$52,933$0
Funding fee$1,085$1,085$0
Note rate3.040%3.040%7.400%
Blended rate3.040%4.209%7.640%
1st payment$1,040.43$1,040.43$1,868.80
2nd payment$0.00$397.00$0.00
Taxes / mo$297.83$297.83$297.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$319.00$319.00$319.00
Total monthly$1,807.26$2,204.26$2,689.62
Cash to close$82,923$29,990$29,990