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$221,799$221,799$351,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$129,201$0
Funding fee$1,109$1,109$0
Note rate3.210%3.210%7.320%
Blended rate3.210%4.973%7.560%
1st payment$1,108.05$1,108.05$2,411.13
2nd payment$0.00$861.34$0.00
Taxes / mo$243.33$243.33$243.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,501.38$2,362.72$2,874.66
Cash to close$168,201$39,000$39,000