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$232,168$232,168$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$172,832$0
Funding fee$1,161$1,161$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.059%7.640%
1st payment$1,108.33$1,108.33$2,804.14
2nd payment$0.00$1,152.21$0.00
Taxes / mo$153.58$153.58$153.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.91$2,564.12$3,188.72
Cash to close$217,832$45,000$45,000