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$211,735$211,735$359,100
Remaining term (yrs)20.120.130.0
Secondary amount$0$147,365$0
Funding fee$1,059$1,059$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.934%7.560%
1st payment$1,142.57$1,142.57$2,466.77
2nd payment$0.00$982.43$0.00
Taxes / mo$119.17$119.17$119.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.74$2,394.17$2,807.75
Cash to close$187,265$39,900$39,900