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$261,264$261,264$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$40,236$0
Funding fee$1,306$1,306$0
Note rate2.990%2.990%7.320%
Blended rate2.990%3.792%7.560%
1st payment$1,269.33$1,269.33$2,071.10
2nd payment$0.00$301.77$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$37.00$37.00$37.00
Total monthly$1,735.50$2,037.26$2,597.56
Cash to close$73,736$33,500$33,500