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$220,708$220,708$373,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$152,792$0
Funding fee$1,104$1,104$0
Note rate2.930%2.930%7.320%
Blended rate2.930%5.004%7.560%
1st payment$1,065.47$1,065.47$2,565.69
2nd payment$0.00$1,018.61$0.00
Taxes / mo$183.75$183.75$183.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,399.22$2,417.83$2,974.14
Cash to close$194,292$41,500$41,500