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$235,880$235,880$410,849
Remaining term (yrs)23.923.930.0
Secondary amount$0$174,969$0
Funding fee$1,179$1,179$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.118%7.560%
1st payment$1,147.50$1,147.50$2,822.25
2nd payment$0.00$1,166.46$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.17
HOA / mo$0.00$0.00$0.00
Total monthly$1,556.59$2,723.05$3,313.50
Cash to close$220,619$45,650$45,650