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$229,615$229,615$359,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$130,384$0
Funding fee$1,148$1,148$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.728%7.560%
1st payment$1,098.76$1,098.76$2,472.94
2nd payment$0.00$869.23$0.00
Taxes / mo$468.26$468.26$468.26
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,717.02$2,586.24$3,163.21
Cash to close$170,384$40,000$40,000