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$220,304$220,304$292,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$72,196$0
Funding fee$1,102$1,102$0
Note rate3.500%3.500%7.320%
Blended rate3.500%4.858%7.560%
1st payment$1,141.92$1,141.92$2,009.27
2nd payment$0.00$541.47$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,562.75$2,104.22$2,488.61
Cash to close$104,696$32,500$32,500