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$214,153$214,153$242,550
Remaining term (yrs)25.425.430.0
Secondary amount$0$28,397$0
Funding fee$1,071$1,071$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.188%7.640%
1st payment$1,062.60$1,062.60$1,679.37
2nd payment$0.00$212.97$0.00
Taxes / mo$118.58$118.58$118.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,331.19$1,544.16$1,996.46
Cash to close$55,347$26,950$26,950