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$249,118$249,118$270,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,882$0
Funding fee$1,246$1,246$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.511%7.640%
1st payment$1,225.16$1,225.16$1,869.43
2nd payment$0.00$355.08$0.00
Taxes / mo$160.67$160.67$160.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,535.82$1,890.91$2,234.09
Cash to close$50,882$15,000$30,000