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$222,090$222,090$332,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$110,010$0
Funding fee$1,110$1,110$0
Note rate4.070%4.070%7.400%
Blended rate4.070%5.372%7.640%
1st payment$1,245.96$1,245.96$2,299.39
2nd payment$0.00$733.40$0.00
Taxes / mo$307.50$307.50$307.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$641.00$641.00$641.00
Total monthly$2,344.46$3,077.87$3,464.31
Cash to close$146,910$36,900$36,900