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$213,958$213,958$301,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$87,542$0
Funding fee$1,070$1,070$0
Note rate2.720%2.720%7.320%
Blended rate2.720%4.543%7.560%
1st payment$1,002.58$1,002.58$2,071.10
2nd payment$0.00$656.56$0.00
Taxes / mo$188.42$188.42$188.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,340.99$1,997.56$2,469.81
Cash to close$121,042$33,500$33,500