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$223,342$223,342$282,150
Remaining term (yrs)24.424.430.0
Secondary amount$0$58,808$0
Funding fee$1,117$1,117$0
Note rate2.790%2.790%7.320%
Blended rate2.790%4.084%7.560%
1st payment$1,049.50$1,049.50$1,938.17
2nd payment$0.00$441.06$0.00
Taxes / mo$261.25$261.25$261.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.43
HOA / mo$10.42$10.42$10.42
Total monthly$1,471.17$1,912.23$2,416.27
Cash to close$90,158$31,350$31,350