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$229,927$229,927$390,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$160,673$0
Funding fee$1,150$1,150$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.886%7.640%
1st payment$1,076.23$1,076.23$2,704.44
2nd payment$0.00$1,071.16$0.00
Taxes / mo$85.33$85.33$85.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,311.57$2,382.72$3,017.89
Cash to close$204,073$43,400$43,400