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$232,422$232,422$252,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$33,578$0
Funding fee$1,162$1,162$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.103%7.560%
1st payment$1,102.23$1,102.23$1,731.07
2nd payment$0.00$332.28$0.00
Taxes / mo$85.17$85.17$85.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,337.40$1,669.68$2,016.63
Cash to close$47,578$14,000$28,000