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$219,157$219,157$346,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$127,343$0
Funding fee$1,096$1,096$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.951%7.640%
1st payment$1,093.97$1,093.97$2,399.10
2nd payment$0.00$848.95$0.00
Taxes / mo$230.75$230.75$230.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$40.00$40.00$40.00
Total monthly$1,514.72$2,363.67$2,889.15
Cash to close$165,843$38,500$38,500