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$220,006$220,006$373,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$153,494$0
Funding fee$1,100$1,100$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.972%7.560%
1st payment$1,025.00$1,025.00$2,565.69
2nd payment$0.00$1,023.30$0.00
Taxes / mo$395.92$395.92$395.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,570.92$2,594.22$3,186.30
Cash to close$194,994$41,500$41,500