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$231,254$231,254$310,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$79,246$0
Funding fee$1,156$1,156$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.382%7.640%
1st payment$1,072.73$1,072.73$2,149.84
2nd payment$0.00$594.34$0.00
Taxes / mo$94.11$94.11$94.11
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,316.84$1,911.19$2,456.05
Cash to close$113,746$34,500$34,500