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$291,419$291,419$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$91,081$0
Funding fee$1,457$1,457$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.857%7.640%
1st payment$1,270.97$1,270.97$2,648.35
2nd payment$0.00$683.11$0.00
Taxes / mo$150.00$150.00$150.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,570.97$2,254.07$3,024.85
Cash to close$133,581$42,500$42,500