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$244,091$244,091$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$115,909$0
Funding fee$1,220$1,220$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.603%7.640%
1st payment$1,188.71$1,188.71$2,492.57
2nd payment$0.00$772.73$0.00
Taxes / mo$172.58$172.58$172.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$45.00$45.00$45.00
Total monthly$1,556.29$2,329.02$2,932.15
Cash to close$155,909$40,000$40,000