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$234,310$234,310$405,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$170,690$0
Funding fee$1,172$1,172$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.951%7.640%
1st payment$1,159.31$1,159.31$2,804.14
2nd payment$0.00$1,137.93$0.00
Taxes / mo$175.17$175.17$175.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,484.48$2,622.41$3,210.30
Cash to close$215,690$45,000$45,000