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$233,000$233,000$355,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$122,500$0
Funding fee$1,165$1,165$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.697%7.640%
1st payment$1,105.06$1,105.06$2,461.41
2nd payment$0.00$816.66$0.00
Taxes / mo$588.83$588.83$588.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$70.00$70.00$70.00
Total monthly$1,913.89$2,730.56$3,341.34
Cash to close$162,000$39,500$39,500