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$249,706$249,706$400,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$150,794$0
Funding fee$1,249$1,249$0
Note rate2.900%2.900%7.320%
Blended rate2.900%4.820%7.560%
1st payment$1,198.74$1,198.74$2,751.16
2nd payment$0.00$1,005.29$0.00
Taxes / mo$121.50$121.50$121.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$72.00$72.00$72.00
Total monthly$1,542.24$2,547.53$3,174.76
Cash to close$195,294$44,500$44,500