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$237,400$237,400$270,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$32,600$0
Funding fee$1,187$1,187$0
Note rate2.860%2.860%7.320%
Blended rate2.860%3.601%7.560%
1st payment$1,111.11$1,111.11$1,854.71
2nd payment$0.00$244.50$0.00
Taxes / mo$155.83$155.83$155.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,416.94$1,661.44$2,214.55
Cash to close$62,600$30,000$30,000