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$222,056$222,056$369,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$146,944$0
Funding fee$1,110$1,110$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.442%7.640%
1st payment$1,201.96$1,201.96$2,554.88
2nd payment$0.00$979.63$0.00
Taxes / mo$102.83$102.83$102.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$27.08$27.08$27.08
Total monthly$1,481.87$2,461.50$2,908.59
Cash to close$187,944$41,000$41,000