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$252,778$252,778$359,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$106,322$0
Funding fee$1,264$1,264$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.389%7.640%
1st payment$1,181.68$1,181.68$2,486.34
2nd payment$0.00$708.81$0.00
Taxes / mo$360.08$360.08$360.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,691.77$2,400.58$3,068.24
Cash to close$146,222$39,900$39,900