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$251,961$251,961$342,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$90,039$0
Funding fee$1,260$1,260$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.366%7.640%
1st payment$1,173.70$1,173.70$2,367.94
2nd payment$0.00$675.29$0.00
Taxes / mo$393.75$393.75$393.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$17.92$17.92$17.92
Total monthly$1,735.37$2,410.67$2,998.01
Cash to close$128,039$38,000$38,000