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$220,945$220,945$243,900
Remaining term (yrs)24.324.330.0
Secondary amount$0$36,505$0
Funding fee$1,105$1,105$0
Note rate2.670%2.670%7.320%
Blended rate2.670%3.975%7.560%
1st payment$1,027.21$1,027.21$1,675.42
2nd payment$0.00$361.24$0.00
Taxes / mo$49.75$49.75$49.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.78
HOA / mo$65.00$65.00$65.00
Total monthly$1,291.96$1,653.20$1,988.95
Cash to close$50,055$13,550$27,100