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$215,822$215,822$341,550
Remaining term (yrs)23.523.530.0
Secondary amount$0$125,728$0
Funding fee$1,079$1,079$0
Note rate3.360%3.360%7.400%
Blended rate3.360%5.068%7.640%
1st payment$1,102.72$1,102.72$2,364.82
2nd payment$0.00$838.19$0.00
Taxes / mo$235.08$235.08$235.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.81$2,326.00$2,818.22
Cash to close$163,678$37,950$37,950