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$214,108$214,108$278,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$64,891$0
Funding fee$1,071$1,071$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.250%7.640%
1st payment$1,005.92$1,005.92$1,931.73
2nd payment$0.00$486.69$0.00
Taxes / mo$124.92$124.92$124.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,280.84$1,767.53$2,262.45
Cash to close$95,891$31,000$31,000