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$250,162$250,162$360,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$109,838$0
Funding fee$1,251$1,251$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.289%7.640%
1st payment$1,161.78$1,161.78$2,492.57
2nd payment$0.00$732.25$0.00
Taxes / mo$216.42$216.42$216.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$2.42$2.42$2.42
Total monthly$1,530.61$2,262.87$2,933.40
Cash to close$149,838$40,000$40,000