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$246,570$246,570$279,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$32,430$0
Funding fee$1,233$1,233$0
Note rate4.270%4.270%7.400%
Blended rate4.270%4.820%7.640%
1st payment$1,416.37$1,416.37$1,931.74
2nd payment$0.00$243.22$0.00
Taxes / mo$498.67$498.67$498.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,065.04$2,308.26$2,636.21
Cash to close$63,430$31,000$31,000