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$223,987$223,987$335,610
Remaining term (yrs)24.124.130.0
Secondary amount$0$111,623$0
Funding fee$1,120$1,120$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.536%7.560%
1st payment$1,062.39$1,062.39$2,305.41
2nd payment$0.00$744.15$0.00
Taxes / mo$310.75$310.75$310.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.12
HOA / mo$6.67$6.67$6.67
Total monthly$1,529.81$2,273.96$2,839.95
Cash to close$148,913$37,290$37,290