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$135,695$135,695$324,000
Remaining term (yrs)9.79.730.0
Secondary amount$0$188,305$0
Funding fee$678$678$0
Note rate2.270%2.270%7.320%
Blended rate2.270%5.600%7.560%
1st payment$1,284.15$1,284.15$2,225.66
2nd payment$0.00$1,255.37$0.00
Taxes / mo$5.17$5.17$5.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$12.92$12.92$12.92
Total monthly$1,452.24$2,707.61$2,458.54
Cash to close$224,305$36,000$36,000