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$216,812$216,812$310,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$93,688$0
Funding fee$1,084$1,084$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.678%7.560%
1st payment$1,028.36$1,028.36$2,132.92
2nd payment$0.00$702.66$0.00
Taxes / mo$793.17$793.17$793.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,971.53$2,674.18$3,138.19
Cash to close$128,188$34,500$34,500