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$217,076$217,076$292,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$75,424$0
Funding fee$1,085$1,085$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.517%7.640%
1st payment$1,051.29$1,051.29$2,025.21
2nd payment$0.00$565.68$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$18.33$18.33$18.33
Total monthly$1,490.45$2,056.13$2,522.87
Cash to close$107,924$32,500$32,500