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$230,915$230,915$296,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$65,995$0
Funding fee$1,155$1,155$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.411%7.560%
1st payment$1,097.43$1,097.43$2,039.57
2nd payment$0.00$494.96$0.00
Taxes / mo$117.17$117.17$117.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$252.00$252.00$252.00
Total monthly$1,616.60$2,111.56$2,618.11
Cash to close$98,985$32,990$32,990