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$250,179$250,179$337,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$87,321$0
Funding fee$1,251$1,251$0
Note rate3.000%3.000%7.320%
Blended rate3.000%4.552%7.560%
1st payment$1,222.55$1,222.55$2,318.39
2nd payment$0.00$654.91$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$16.92$16.92$16.92
Total monthly$1,701.97$2,356.88$2,865.31
Cash to close$124,821$37,500$37,500