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$243,442$243,442$315,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$71,558$0
Funding fee$1,217$1,217$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.216%7.640%
1st payment$1,157.44$1,157.44$2,181.00
2nd payment$0.00$536.69$0.00
Taxes / mo$323.46$323.46$323.46
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$1,630.90$2,167.59$2,717.45
Cash to close$106,558$35,000$35,000