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$214,092$214,092$301,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$87,408$0
Funding fee$1,070$1,070$0
Note rate3.680%3.680%7.320%
Blended rate3.680%5.222%7.560%
1st payment$1,110.87$1,110.87$2,071.10
2nd payment$0.00$655.56$0.00
Taxes / mo$136.92$136.92$136.92
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$1,397.79$2,053.34$2,418.31
Cash to close$120,908$33,500$33,500