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$223,660$223,660$337,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$113,750$0
Funding fee$1,118$1,118$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.672%7.560%
1st payment$1,117.70$1,117.70$2,317.77
2nd payment$0.00$758.33$0.00
Taxes / mo$33.08$33.08$33.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,300.79$2,059.12$2,568.34
Cash to close$151,240$37,490$37,490