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$235,317$235,317$346,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$111,183$0
Funding fee$1,177$1,177$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.564%7.560%
1st payment$1,113.61$1,113.61$2,380.21
2nd payment$0.00$741.22$0.00
Taxes / mo$486.67$486.67$486.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.28$2,491.50$3,086.18
Cash to close$149,683$38,500$38,500