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$233,243$233,243$374,399
Remaining term (yrs)24.924.930.0
Secondary amount$0$141,156$0
Funding fee$1,166$1,166$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.698%7.640%
1st payment$1,070.02$1,070.02$2,592.26
2nd payment$0.00$941.04$0.00
Taxes / mo$256.75$256.75$256.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.88
HOA / mo$251.67$251.67$251.67
Total monthly$1,728.44$2,669.48$3,325.56
Cash to close$182,756$41,600$41,600