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$221,615$221,615$504,900
Remaining term (yrs)19.319.330.0
Secondary amount$0$283,285$0
Funding fee$1,108$1,108$0
Note rate2.220%2.220%7.320%
Blended rate2.220%5.323%7.560%
1st payment$1,167.67$1,167.67$3,468.31
2nd payment$0.00$1,829.55$0.00
Taxes / mo$259.17$259.17$259.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.98
HOA / mo$74.00$74.00$74.00
Total monthly$1,667.51$3,497.06$4,069.13
Cash to close$339,385$56,100$56,100