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$233,031$233,031$391,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$158,379$0
Funding fee$1,165$1,165$0
Note rate2.650%2.650%7.320%
Blended rate2.650%4.815%7.560%
1st payment$1,081.04$1,081.04$2,688.72
2nd payment$0.00$1,055.86$0.00
Taxes / mo$1,031.50$1,031.50$1,031.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.28
HOA / mo$25.00$25.00$25.00
Total monthly$2,287.54$3,343.40$3,973.50
Cash to close$201,869$43,490$43,490