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$225,311$225,311$283,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$58,189$0
Funding fee$1,127$1,127$0
Note rate2.960%2.960%7.320%
Blended rate2.960%4.200%7.560%
1st payment$1,066.17$1,066.17$1,947.45
2nd payment$0.00$436.41$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,478.67$1,915.09$2,416.65
Cash to close$89,689$31,500$31,500