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$213,180$213,180$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$88,320$0
Funding fee$1,066$1,066$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.673%7.560%
1st payment$1,023.65$1,023.65$2,071.10
2nd payment$0.00$662.40$0.00
Taxes / mo$268.00$268.00$268.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.65$2,104.05$2,549.40
Cash to close$121,820$33,500$33,500