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$248,076$248,076$405,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$156,924$0
Funding fee$1,240$1,240$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.919%7.640%
1st payment$1,185.95$1,185.95$2,804.14
2nd payment$0.00$1,046.16$0.00
Taxes / mo$352.25$352.25$352.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.20$2,734.37$3,387.39
Cash to close$201,924$45,000$45,000