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$221,157$221,157$242,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$35,248$0
Funding fee$1,106$1,106$0
Note rate3.125%3.125%7.320%
Blended rate3.125%4.328%7.560%
1st payment$1,072.68$1,072.68$1,668.62
2nd payment$0.00$348.81$0.00
Taxes / mo$127.92$127.92$127.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$190.00$190.00$190.00
Total monthly$1,540.59$1,889.40$2,185.12
Cash to close$48,743$13,495$26,990