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$244,441$244,441$324,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$79,559$0
Funding fee$1,222$1,222$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.330%7.640%
1st payment$1,148.43$1,148.43$2,243.31
2nd payment$0.00$596.70$0.00
Taxes / mo$180.67$180.67$180.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.10$2,075.80$2,638.78
Cash to close$115,559$36,000$36,000