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$220,656$220,656$328,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$107,844$0
Funding fee$1,103$1,103$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.044%7.640%
1st payment$1,176.76$1,176.76$2,274.47
2nd payment$0.00$718.96$0.00
Taxes / mo$281.75$281.75$281.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$19.00$19.00$19.00
Total monthly$1,627.51$2,346.47$2,790.92
Cash to close$144,344$36,500$36,500