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$255,076$255,076$315,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$59,924$0
Funding fee$1,275$1,275$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.036%7.640%
1st payment$1,189.71$1,189.71$2,181.00
2nd payment$0.00$449.43$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,631.38$2,080.81$2,685.66
Cash to close$94,924$35,000$35,000