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$238,832$238,832$297,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$58,168$0
Funding fee$1,194$1,194$0
Note rate2.830%2.830%7.320%
Blended rate2.830%4.038%7.560%
1st payment$1,135.25$1,135.25$2,040.18
2nd payment$0.00$436.26$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$560.00$560.00$560.00
Total monthly$2,120.25$2,556.50$3,084.58
Cash to close$91,168$33,000$33,000