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$234,623$234,623$301,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$66,877$0
Funding fee$1,173$1,173$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.230%7.560%
1st payment$1,122.72$1,122.72$2,071.10
2nd payment$0.00$501.57$0.00
Taxes / mo$295.17$295.17$295.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$435.00$435.00$435.00
Total monthly$2,002.89$2,504.46$3,011.56
Cash to close$100,377$33,500$33,500