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$208,004$208,004$292,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$84,496$0
Funding fee$1,040$1,040$0
Note rate3.450%3.450%7.320%
Blended rate3.450%5.053%7.560%
1st payment$1,075.11$1,075.11$2,009.27
2nd payment$0.00$633.72$0.00
Taxes / mo$205.33$205.33$205.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$30.00$30.00$30.00
Total monthly$1,460.44$2,094.16$2,453.11
Cash to close$116,996$32,500$32,500