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$229,663$229,663$315,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$85,337$0
Funding fee$1,148$1,148$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.553%7.640%
1st payment$1,069.92$1,069.92$2,181.00
2nd payment$0.00$640.03$0.00
Taxes / mo$306.83$306.83$306.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.75$2,166.78$2,700.83
Cash to close$120,337$35,000$35,000