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$257,707$257,707$364,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$106,793$0
Funding fee$1,289$1,289$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.444%7.640%
1st payment$1,226.36$1,226.36$2,523.72
2nd payment$0.00$711.95$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$33.00$33.00$33.00
Total monthly$1,746.86$2,458.82$3,117.12
Cash to close$147,293$40,500$40,500