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$252,219$252,219$345,150
Remaining term (yrs)24.924.930.0
Secondary amount$0$92,931$0
Funding fee$1,261$1,261$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.447%7.640%
1st payment$1,166.10$1,166.10$2,389.75
2nd payment$0.00$696.98$0.00
Taxes / mo$463.92$463.92$463.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.03
HOA / mo$10.00$10.00$10.00
Total monthly$1,790.02$2,487.00$3,082.70
Cash to close$131,281$38,350$38,350