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$224,511$224,511$296,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$72,399$0
Funding fee$1,123$1,123$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.418%7.560%
1st payment$1,062.47$1,062.47$2,039.57
2nd payment$0.00$543.00$0.00
Taxes / mo$356.00$356.00$356.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,568.47$2,111.47$2,604.95
Cash to close$105,389$32,990$32,990