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$233,150$233,150$350,010
Remaining term (yrs)24.024.030.0
Secondary amount$0$116,860$0
Funding fee$1,166$1,166$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.603%7.640%
1st payment$1,119.26$1,119.26$2,423.40
2nd payment$0.00$779.06$0.00
Taxes / mo$292.67$292.67$292.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.00
HOA / mo$180.00$180.00$180.00
Total monthly$1,741.93$2,520.99$3,116.07
Cash to close$155,750$38,890$38,890