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$223,162$223,162$269,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$45,938$0
Funding fee$1,116$1,116$0
Note rate3.690%3.690%7.320%
Blended rate3.690%4.596%7.560%
1st payment$1,128.70$1,128.70$1,848.53
2nd payment$0.00$344.53$0.00
Taxes / mo$148.58$148.58$148.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.28$1,771.82$2,200.93
Cash to close$75,838$29,900$29,900