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$222,096$222,096$324,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$101,904$0
Funding fee$1,110$1,110$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.586%7.560%
1st payment$1,067.51$1,067.51$2,225.66
2nd payment$0.00$679.36$0.00
Taxes / mo$495.25$495.25$495.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$248.00$248.00$248.00
Total monthly$1,960.76$2,640.12$3,183.71
Cash to close$137,904$36,000$36,000