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$222,630$222,630$332,550
Remaining term (yrs)24.224.230.0
Secondary amount$0$109,920$0
Funding fee$1,113$1,113$0
Note rate2.710%2.710%7.240%
Blended rate2.710%4.459%7.480%
1st payment$1,042.08$1,042.08$2,266.32
2nd payment$0.00$732.80$0.00
Taxes / mo$733.67$733.67$733.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.51
HOA / mo$12.50$12.50$12.50
Total monthly$1,938.24$2,671.05$3,229.00
Cash to close$146,870$36,950$36,950