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$225,196$225,196$283,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$58,214$0
Funding fee$1,126$1,126$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.185%7.640%
1st payment$1,065.71$1,065.71$1,962.27
2nd payment$0.00$436.61$0.00
Taxes / mo$191.17$191.17$191.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,406.88$1,843.49$2,360.12
Cash to close$89,704$31,490$31,490