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$235,214$235,214$386,955
Remaining term (yrs)25.025.030.0
Secondary amount$0$151,741$0
Funding fee$1,176$1,176$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.882%7.560%
1st payment$1,094.59$1,094.59$2,658.11
2nd payment$0.00$1,011.60$0.00
Taxes / mo$402.17$402.17$402.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.39
HOA / mo$35.83$35.83$35.83
Total monthly$1,682.59$2,694.19$3,323.50
Cash to close$194,736$42,995$42,995