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$216,788$216,788$349,191
Remaining term (yrs)24.924.930.0
Secondary amount$0$132,403$0
Funding fee$1,084$1,084$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.797%7.640%
1st payment$1,007.78$1,007.78$2,417.73
2nd payment$0.00$882.69$0.00
Taxes / mo$97.25$97.25$97.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,255.03$2,137.71$2,734.82
Cash to close$171,202$38,799$38,799