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$247,804$247,804$400,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$152,606$0
Funding fee$1,239$1,239$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.739%7.640%
1st payment$1,156.86$1,156.86$2,772.36
2nd payment$0.00$1,017.37$0.00
Taxes / mo$370.75$370.75$370.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,677.61$2,694.98$3,373.19
Cash to close$197,096$44,490$44,490