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$264,484$264,484$346,491
Remaining term (yrs)24.124.130.0
Secondary amount$0$82,007$0
Funding fee$1,322$1,322$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.848%7.640%
1st payment$1,180.10$1,180.10$2,399.03
2nd payment$0.00$615.05$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$5.58$5.58$5.58
Total monthly$1,656.51$2,271.56$2,944.74
Cash to close$120,506$38,499$38,499