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$224,978$224,978$405,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$180,022$0
Funding fee$1,125$1,125$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.806%7.640%
1st payment$1,025.18$1,025.18$2,804.14
2nd payment$0.00$1,200.15$0.00
Taxes / mo$534.83$534.83$534.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$73.00$73.00$73.00
Total monthly$1,783.02$2,983.17$3,642.97
Cash to close$225,022$45,000$45,000