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$253,289$253,289$350,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$96,811$0
Funding fee$1,266$1,266$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.522%7.640%
1st payment$1,190.01$1,190.01$2,424.02
2nd payment$0.00$726.09$0.00
Taxes / mo$344.75$344.75$344.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,684.76$2,410.84$2,988.79
Cash to close$135,711$38,900$38,900