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$248,481$248,481$404,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$155,619$0
Funding fee$1,242$1,242$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.803%7.640%
1st payment$1,177.29$1,177.29$2,797.91
2nd payment$0.00$1,037.46$0.00
Taxes / mo$567.42$567.42$567.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$536.33$536.33$536.33
Total monthly$2,431.04$3,468.50$4,132.47
Cash to close$200,519$44,900$44,900