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$230,229$230,229$276,300
Remaining term (yrs)24.624.630.0
Secondary amount$0$46,071$0
Funding fee$1,151$1,151$0
Note rate2.970%2.970%7.400%
Blended rate2.970%3.975%7.640%
1st payment$1,095.60$1,095.60$1,913.05
2nd payment$0.00$345.53$0.00
Taxes / mo$255.83$255.83$255.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.26
HOA / mo$14.67$14.67$14.67
Total monthly$1,516.10$1,861.64$2,388.81
Cash to close$76,771$30,700$30,700