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$230,553$230,553$305,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$75,357$0
Funding fee$1,153$1,153$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.463%7.560%
1st payment$1,093.37$1,093.37$2,101.39
2nd payment$0.00$565.18$0.00
Taxes / mo$283.25$283.25$283.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.62$2,091.80$2,595.82
Cash to close$109,347$33,990$33,990