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$265,239$265,239$382,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$117,261$0
Funding fee$1,326$1,326$0
Note rate2.875%2.875%7.400%
Blended rate2.875%4.446%7.640%
1st payment$1,252.08$1,252.08$2,648.35
2nd payment$0.00$781.74$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,756.25$2,537.99$3,229.02
Cash to close$159,761$42,500$42,500