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$233,336$233,336$315,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$81,664$0
Funding fee$1,167$1,167$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.452%7.640%
1st payment$1,118.05$1,118.05$2,181.00
2nd payment$0.00$612.48$0.00
Taxes / mo$157.50$157.50$157.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,425.55$2,038.02$2,551.50
Cash to close$116,664$35,000$35,000