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$224,784$224,784$373,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$148,716$0
Funding fee$1,124$1,124$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.870%7.640%
1st payment$1,065.02$1,065.02$2,586.04
2nd payment$0.00$991.44$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$33.00$33.00$33.00
Total monthly$1,593.86$2,585.29$3,189.57
Cash to close$190,216$41,500$41,500