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$245,296$245,296$405,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$159,704$0
Funding fee$1,226$1,226$0
Note rate2.875%2.875%7.400%
Blended rate2.875%4.896%7.640%
1st payment$1,203.52$1,203.52$2,804.14
2nd payment$0.00$1,064.70$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$726.00$726.00$726.00
Total monthly$2,454.52$3,519.22$4,136.14
Cash to close$204,704$45,000$45,000