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$266,998$266,998$350,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$83,912$0
Funding fee$1,335$1,335$0
Note rate2.780%2.780%7.400%
Blended rate2.780%4.267%7.640%
1st payment$1,265.36$1,265.36$2,429.63
2nd payment$0.00$629.34$0.00
Taxes / mo$262.08$262.08$262.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$225.00$225.00$225.00
Total monthly$1,902.44$2,531.78$3,136.90
Cash to close$122,902$38,990$38,990