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$215,793$215,793$274,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$58,617$0
Funding fee$1,079$1,079$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.274%7.640%
1st payment$1,015.39$1,015.39$1,899.96
2nd payment$0.00$439.62$0.00
Taxes / mo$223.92$223.92$223.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.88
HOA / mo$250.00$250.00$250.00
Total monthly$1,639.31$2,078.93$2,578.76
Cash to close$89,107$30,490$30,490