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$253,021$253,021$310,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$57,479$0
Funding fee$1,265$1,265$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.103%7.560%
1st payment$1,190.56$1,190.56$2,132.92
2nd payment$0.00$431.09$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$559.00$559.00$559.00
Total monthly$2,187.06$2,618.15$3,191.52
Cash to close$91,979$34,500$34,500