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$231,233$231,233$269,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$38,766$0
Funding fee$1,156$1,156$0
Note rate2.960%2.960%7.320%
Blended rate2.960%3.827%7.560%
1st payment$1,094.20$1,094.20$1,854.71
2nd payment$0.00$290.74$0.00
Taxes / mo$187.92$187.92$187.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,432.11$1,722.86$2,246.62
Cash to close$68,766$30,000$30,000