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$224,712$224,712$413,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$189,198$0
Funding fee$1,124$1,124$0
Note rate2.990%2.990%7.320%
Blended rate2.990%5.280%7.560%
1st payment$1,069.25$1,069.25$2,843.27
2nd payment$0.00$1,261.32$0.00
Taxes / mo$383.25$383.25$383.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$202.00$202.00$202.00
Total monthly$1,821.16$3,082.49$3,677.97
Cash to close$235,188$45,990$45,990