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$254,063$254,063$310,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$56,437$0
Funding fee$1,270$1,270$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.009%7.640%
1st payment$1,199.82$1,199.82$2,149.84
2nd payment$0.00$423.28$0.00
Taxes / mo$341.08$341.08$341.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$484.00$484.00$484.00
Total monthly$2,174.91$2,598.19$3,187.02
Cash to close$90,937$34,500$34,500