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$229,172$229,172$305,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$75,928$0
Funding fee$1,146$1,146$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.418%7.640%
1st payment$1,067.63$1,067.63$2,112.45
2nd payment$0.00$569.46$0.00
Taxes / mo$18.76$18.76$18.76
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,236.38$1,805.85$2,342.23
Cash to close$109,828$33,900$33,900