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$218,050$218,050$305,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$87,860$0
Funding fee$1,090$1,090$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.531%7.640%
1st payment$1,017.96$1,017.96$2,118.06
2nd payment$0.00$658.95$0.00
Taxes / mo$146.75$146.75$146.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,314.71$1,973.66$2,475.99
Cash to close$121,850$33,990$33,990