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$251,303$251,303$342,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$90,697$0
Funding fee$1,257$1,257$0
Note rate2.780%2.780%7.320%
Blended rate2.780%4.430%7.560%
1st payment$1,188.10$1,188.10$2,349.30
2nd payment$0.00$680.23$0.00
Taxes / mo$11.14$11.14$11.14
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,349.24$2,029.47$2,578.84
Cash to close$128,697$38,000$38,000