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$222,988$222,988$359,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$136,112$0
Funding fee$1,115$1,115$0
Note rate3.610%3.610%7.400%
Blended rate3.610%5.274%7.640%
1st payment$1,184.88$1,184.88$2,486.34
2nd payment$0.00$907.41$0.00
Taxes / mo$258.33$258.33$258.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$380.00$380.00$380.00
Total monthly$1,973.22$2,880.63$3,346.49
Cash to close$176,012$39,900$39,900