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$250,753$250,753$355,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$104,747$0
Funding fee$1,254$1,254$0
Note rate3.310%3.310%7.400%
Blended rate3.310%4.692%7.640%
1st payment$1,271.67$1,271.67$2,461.41
2nd payment$0.00$698.31$0.00
Taxes / mo$272.83$272.83$272.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,694.50$2,392.82$2,955.34
Cash to close$144,247$39,500$39,500