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$215,233$215,233$355,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$140,267$0
Funding fee$1,076$1,076$0
Note rate3.090%3.090%7.320%
Blended rate3.090%5.027%7.560%
1st payment$1,040.01$1,040.01$2,442.04
2nd payment$0.00$935.11$0.00
Taxes / mo$209.50$209.50$209.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,399.51$2,334.62$2,872.64
Cash to close$179,767$39,500$39,500