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$224,511$224,511$314,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$90,399$0
Funding fee$1,123$1,123$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.680%7.560%
1st payment$1,062.47$1,062.47$2,163.21
2nd payment$0.00$678.00$0.00
Taxes / mo$356.00$356.00$356.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,568.47$2,246.47$2,732.20
Cash to close$125,389$34,990$34,990