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$261,908$261,908$369,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$107,092$0
Funding fee$1,310$1,310$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.309%7.640%
1st payment$1,212.14$1,212.14$2,554.88
2nd payment$0.00$713.94$0.00
Taxes / mo$49.50$49.50$49.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.64$2,125.58$2,828.18
Cash to close$148,092$41,000$41,000