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$217,881$217,881$310,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$92,619$0
Funding fee$1,089$1,089$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.558%7.640%
1st payment$1,015.43$1,015.43$2,149.84
2nd payment$0.00$694.64$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$548.00$548.00$548.00
Total monthly$2,000.93$2,695.57$3,197.44
Cash to close$127,119$34,500$34,500