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$228,066$228,066$322,110
Remaining term (yrs)23.923.930.0
Secondary amount$0$94,044$0
Funding fee$1,140$1,140$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.610%7.560%
1st payment$1,088.44$1,088.44$2,212.67
2nd payment$0.00$705.33$0.00
Taxes / mo$256.50$256.50$256.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.42
HOA / mo$230.00$230.00$230.00
Total monthly$1,724.94$2,430.27$2,913.59
Cash to close$129,834$35,790$35,790