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$218,833$218,833$247,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$28,667$0
Funding fee$1,094$1,094$0
Note rate2.960%2.960%7.320%
Blended rate2.960%3.660%7.560%
1st payment$1,040.24$1,040.24$1,700.15
2nd payment$0.00$215.01$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,335.57$1,550.57$2,044.99
Cash to close$56,167$27,500$27,500