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$221,838$221,838$347,400
Remaining term (yrs)24.424.430.0
Secondary amount$0$125,562$0
Funding fee$1,109$1,109$0
Note rate2.700%2.700%7.320%
Blended rate2.700%4.616%7.560%
1st payment$1,032.25$1,032.25$2,386.40
2nd payment$0.00$837.08$0.00
Taxes / mo$307.25$307.25$307.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,489.50$2,326.58$2,913.13
Cash to close$164,162$38,600$38,600