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$228,062$228,062$315,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$86,938$0
Funding fee$1,140$1,140$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.649%7.640%
1st payment$1,085.19$1,085.19$2,181.00
2nd payment$0.00$652.03$0.00
Taxes / mo$171.92$171.92$171.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$21.33$21.33$21.33
Total monthly$1,428.44$2,080.47$2,587.24
Cash to close$121,938$35,000$35,000