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$240,037$240,037$258,300
Remaining term (yrs)25.025.030.0
Secondary amount$0$32,613$0
Funding fee$1,200$1,200$0
Note rate2.880%2.880%7.320%
Blended rate2.880%3.956%7.560%
1st payment$1,118.27$1,118.27$1,774.34
2nd payment$0.00$322.74$0.00
Taxes / mo$271.58$271.58$271.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.66
HOA / mo$696.00$696.00$696.00
Total monthly$2,235.86$2,558.60$2,943.59
Cash to close$46,963$14,350$28,700