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$215,782$215,782$373,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$157,718$0
Funding fee$1,079$1,079$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.955%7.640%
1st payment$1,007.37$1,007.37$2,586.04
2nd payment$0.00$1,051.45$0.00
Taxes / mo$102.42$102.42$102.42
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$1,259.79$2,311.24$2,913.16
Cash to close$199,218$41,500$41,500