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$229,781$229,781$302,130
Remaining term (yrs)23.923.930.0
Secondary amount$0$72,349$0
Funding fee$1,149$1,149$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.429%7.560%
1st payment$1,119.02$1,119.02$2,075.42
2nd payment$0.00$542.62$0.00
Taxes / mo$339.50$339.50$339.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.43
HOA / mo$60.00$60.00$60.00
Total monthly$1,668.52$2,211.14$2,685.35
Cash to close$105,919$33,570$33,570