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$215,995$215,995$287,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$71,105$0
Funding fee$1,080$1,080$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.283%7.640%
1st payment$1,005.96$1,005.96$1,987.82
2nd payment$0.00$533.29$0.00
Taxes / mo$175.58$175.58$175.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$40.00$40.00$40.00
Total monthly$1,371.54$1,904.83$2,410.83
Cash to close$103,005$31,900$31,900