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$222,625$222,625$315,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$92,375$0
Funding fee$1,113$1,113$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.646%7.640%
1st payment$1,032.56$1,032.56$2,181.00
2nd payment$0.00$692.82$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$306.00$306.00$306.00
Total monthly$1,780.23$2,473.04$2,991.66
Cash to close$127,375$35,000$35,000