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$220,441$220,441$395,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$175,469$0
Funding fee$1,102$1,102$0
Note rate3.300%3.300%7.400%
Blended rate3.300%5.383%7.640%
1st payment$1,116.79$1,116.79$2,741.20
2nd payment$0.00$1,169.80$0.00
Taxes / mo$209.65$209.65$209.65
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$60.00$60.00$60.00
Total monthly$1,536.44$2,706.23$3,240.04
Cash to close$219,459$43,990$43,990