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$228,064$228,064$305,955
Remaining term (yrs)24.124.130.0
Secondary amount$0$77,891$0
Funding fee$1,140$1,140$0
Note rate2.780%2.780%7.320%
Blended rate2.780%4.363%7.560%
1st payment$1,078.24$1,078.24$2,101.70
2nd payment$0.00$584.18$0.00
Taxes / mo$843.58$843.58$843.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.19
HOA / mo$0.00$0.00$0.00
Total monthly$2,071.82$2,656.00$3,156.47
Cash to close$111,886$33,995$33,995