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$244,174$244,174$370,800
Remaining term (yrs)24.224.230.0
Secondary amount$0$126,626$0
Funding fee$1,221$1,221$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.516%7.560%
1st payment$1,142.92$1,142.92$2,547.14
2nd payment$0.00$844.17$0.00
Taxes / mo$359.08$359.08$359.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.16
HOA / mo$65.00$65.00$65.00
Total monthly$1,717.01$2,561.18$3,195.38
Cash to close$167,826$41,200$41,200