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$221,446$221,446$301,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$80,054$0
Funding fee$1,107$1,107$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.564%7.640%
1st payment$1,045.52$1,045.52$2,087.53
2nd payment$0.00$600.41$0.00
Taxes / mo$132.42$132.42$132.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$8.33$8.33$8.33
Total monthly$1,336.27$1,936.67$2,438.57
Cash to close$113,554$33,500$33,500