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$119,754$119,754$300,600
Remaining term (yrs)9.89.830.0
Secondary amount$0$180,846$0
Funding fee$599$599$0
Note rate2.270%2.270%7.400%
Blended rate2.270%5.717%7.640%
1st payment$1,124.79$1,124.79$2,081.29
2nd payment$0.00$1,205.64$0.00
Taxes / mo$273.58$273.58$273.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.12
HOA / mo$267.00$267.00$267.00
Total monthly$1,815.38$3,021.02$2,832.00
Cash to close$214,246$33,400$33,400