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$215,260$215,260$328,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$113,240$0
Funding fee$1,076$1,076$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.619%7.640%
1st payment$1,024.30$1,024.30$2,274.47
2nd payment$0.00$754.93$0.00
Taxes / mo$128.25$128.25$128.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$9.17$9.17$9.17
Total monthly$1,311.72$2,066.65$2,627.59
Cash to close$149,740$36,500$36,500