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$264,633$264,633$351,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$86,367$0
Funding fee$1,323$1,323$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.258%7.560%
1st payment$1,238.68$1,238.68$2,411.13
2nd payment$0.00$647.76$0.00
Taxes / mo$38.08$38.08$38.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$24.17$24.17$24.17
Total monthly$1,450.94$2,098.69$2,693.58
Cash to close$125,367$39,000$39,000