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$223,317$223,317$369,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$145,683$0
Funding fee$1,117$1,117$0
Note rate3.510%3.510%7.320%
Blended rate3.510%5.283%7.560%
1st payment$1,164.00$1,164.00$2,534.77
2nd payment$0.00$971.22$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$221.67$221.67$221.67
Total monthly$1,748.42$2,719.64$3,192.99
Cash to close$186,683$41,000$41,000