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$219,527$219,527$261,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$41,473$0
Funding fee$1,098$1,098$0
Note rate2.980%2.980%7.240%
Blended rate2.980%3.937%7.480%
1st payment$1,041.08$1,041.08$1,778.71
2nd payment$0.00$311.05$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,307.16$1,618.21$2,096.99
Cash to close$70,473$29,000$29,000