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$224,321$224,321$306,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$81,679$0
Funding fee$1,122$1,122$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.572%7.640%
1st payment$1,086.37$1,086.37$2,118.68
2nd payment$0.00$612.59$0.00
Taxes / mo$160.75$160.75$160.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$215.00$215.00$215.00
Total monthly$1,612.12$2,224.71$2,705.63
Cash to close$115,679$34,000$34,000