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$225,523$225,523$359,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$133,577$0
Funding fee$1,128$1,128$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.835%7.640%
1st payment$1,069.60$1,069.60$2,486.34
2nd payment$0.00$890.52$0.00
Taxes / mo$244.17$244.17$244.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.77$2,354.29$2,952.33
Cash to close$173,477$39,900$39,900