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$222,056$222,056$405,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$182,944$0
Funding fee$1,110$1,110$0
Note rate3.000%3.000%7.320%
Blended rate3.000%5.259%7.560%
1st payment$1,085.12$1,085.12$2,782.07
2nd payment$0.00$1,219.62$0.00
Taxes / mo$165.08$165.08$165.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$18.33$18.33$18.33
Total monthly$1,418.54$2,638.16$3,196.48
Cash to close$227,944$45,000$45,000