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$220,293$220,293$314,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$94,617$0
Funding fee$1,101$1,101$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.789%7.560%
1st payment$1,044.71$1,044.71$2,163.21
2nd payment$0.00$709.63$0.00
Taxes / mo$438.75$438.75$438.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,633.46$2,343.09$2,814.95
Cash to close$129,607$34,990$34,990