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$219,825$219,825$332,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$112,275$0
Funding fee$1,099$1,099$0
Note rate6.120%6.120%7.400%
Blended rate6.120%6.756%7.640%
1st payment$1,396.76$1,396.76$2,299.39
2nd payment$0.00$748.50$0.00
Taxes / mo$291.00$291.00$291.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,837.76$2,586.26$2,806.81
Cash to close$149,175$36,900$36,900