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$247,948$247,948$413,991
Remaining term (yrs)24.124.130.0
Secondary amount$0$166,043$0
Funding fee$1,240$1,240$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.904%7.640%
1st payment$1,178.57$1,178.57$2,866.39
2nd payment$0.00$1,106.95$0.00
Taxes / mo$196.67$196.67$196.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$35.33$35.33$35.33
Total monthly$1,577.24$2,684.19$3,347.85
Cash to close$212,042$45,999$45,999