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$222,887$222,887$315,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$92,113$0
Funding fee$1,114$1,114$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.740%7.560%
1st payment$1,057.01$1,057.01$2,163.83
2nd payment$0.00$690.85$0.00
Taxes / mo$349.00$349.00$349.00
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$1,556.01$2,246.86$2,725.83
Cash to close$127,113$35,000$35,000