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$220,965$220,965$436,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$215,535$0
Funding fee$1,105$1,105$0
Note rate2.910%2.910%7.400%
Blended rate2.910%5.300%7.640%
1st payment$1,061.90$1,061.90$3,022.24
2nd payment$0.00$1,392.00$0.00
Taxes / mo$214.14$214.14$214.14
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$72.00$72.00$72.00
Total monthly$1,514.71$2,906.70$3,562.34
Cash to close$264,035$48,500$48,500