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$211,852$211,852$298,800
Remaining term (yrs)24.824.830.0
Secondary amount$0$86,948$0
Funding fee$1,059$1,059$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.718%7.640%
1st payment$1,002.49$1,002.49$2,068.83
2nd payment$0.00$652.11$0.00
Taxes / mo$295.70$295.70$295.70
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,448.19$2,100.30$2,574.30
Cash to close$120,148$33,200$33,200