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$216,100$216,100$292,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$76,400$0
Funding fee$1,080$1,080$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.471%7.560%
1st payment$1,036.56$1,036.56$2,009.27
2nd payment$0.00$573.00$0.00
Taxes / mo$323.00$323.00$323.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,509.56$2,082.57$2,540.77
Cash to close$108,900$32,500$32,500