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$240,429$240,429$337,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$97,071$0
Funding fee$1,202$1,202$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.633%7.640%
1st payment$1,147.76$1,147.76$2,336.78
2nd payment$0.00$728.03$0.00
Taxes / mo$570.92$570.92$570.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$91.33$91.33$91.33
Total monthly$1,960.01$2,688.04$3,216.53
Cash to close$134,571$37,500$37,500