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$246,373$246,373$382,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$136,037$0
Funding fee$1,232$1,232$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.734%7.640%
1st payment$1,162.01$1,162.01$2,647.73
2nd payment$0.00$906.92$0.00
Taxes / mo$208.17$208.17$208.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$45.83$45.83$45.83
Total monthly$1,566.00$2,472.92$3,128.21
Cash to close$178,527$42,490$42,490