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$248,900$248,900$296,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$47,200$0
Funding fee$1,245$1,245$0
Note rate2.770%2.770%7.400%
Blended rate2.770%3.763%7.640%
1st payment$1,172.65$1,172.65$2,050.14
2nd payment$0.00$354.00$0.00
Taxes / mo$21.42$21.42$21.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,344.06$1,698.06$2,280.77
Cash to close$80,100$32,900$32,900