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$219,522$219,522$337,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$117,978$0
Funding fee$1,098$1,098$0
Note rate3.060%3.060%7.320%
Blended rate3.060%4.787%7.560%
1st payment$1,054.92$1,054.92$2,318.39
2nd payment$0.00$786.52$0.00
Taxes / mo$234.92$234.92$234.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,439.83$2,226.35$2,770.81
Cash to close$155,478$37,500$37,500