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$215,419$215,419$319,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$103,991$0
Funding fee$1,077$1,077$0
Note rate3.560%3.560%7.400%
Blended rate3.560%5.006%7.640%
1st payment$1,072.19$1,072.19$2,211.53
2nd payment$0.00$693.28$0.00
Taxes / mo$330.08$330.08$330.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.88
HOA / mo$44.58$44.58$44.58
Total monthly$1,596.85$2,290.13$2,800.08
Cash to close$139,481$35,490$35,490