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$238,997$238,997$391,499
Remaining term (yrs)23.723.730.0
Secondary amount$0$152,502$0
Funding fee$1,195$1,195$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.795%7.640%
1st payment$1,140.13$1,140.13$2,710.66
2nd payment$0.00$1,016.68$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$315.00$315.00$315.00
Total monthly$1,967.63$2,984.31$3,616.46
Cash to close$196,002$43,500$43,500