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$220,150$220,150$306,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$85,850$0
Funding fee$1,101$1,101$0
Note rate3.030%3.030%7.320%
Blended rate3.030%4.705%7.560%
1st payment$1,079.22$1,079.22$2,102.01
2nd payment$0.00$643.87$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,512.55$2,156.43$2,596.54
Cash to close$119,850$34,000$34,000