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$215,216$215,216$323,001
Remaining term (yrs)24.324.330.0
Secondary amount$0$107,785$0
Funding fee$1,076$1,076$0
Note rate2.680%2.680%7.320%
Blended rate2.680%4.455%7.560%
1st payment$1,001.67$1,001.67$2,218.79
2nd payment$0.00$718.56$0.00
Taxes / mo$603.17$603.17$603.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.60
HOA / mo$11.00$11.00$11.00
Total monthly$1,765.84$2,484.40$3,047.56
Cash to close$143,674$35,889$35,889