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$260,175$260,175$403,200
Remaining term (yrs)24.724.730.0
Secondary amount$0$143,025$0
Funding fee$1,301$1,301$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.703%7.640%
1st payment$1,224.53$1,224.53$2,791.68
2nd payment$0.00$953.50$0.00
Taxes / mo$213.83$213.83$213.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,588.36$2,541.86$3,236.15
Cash to close$187,825$44,800$44,800