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$220,888$220,888$292,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$71,612$0
Funding fee$1,104$1,104$0
Note rate4.160%4.160%7.320%
Blended rate4.160%5.345%7.560%
1st payment$1,168.04$1,168.04$2,009.27
2nd payment$0.00$537.09$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$276.00$276.00$276.00
Total monthly$1,864.88$2,401.97$2,764.61
Cash to close$104,112$32,500$32,500