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$260,034$260,034$395,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$135,066$0
Funding fee$1,300$1,300$0
Note rate2.600%2.600%7.400%
Blended rate2.600%4.446%7.640%
1st payment$1,217.71$1,217.71$2,735.59
2nd payment$0.00$900.44$0.00
Taxes / mo$428.50$428.50$428.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,796.21$2,696.64$3,393.11
Cash to close$178,966$43,900$43,900