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$260,863$260,863$382,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$121,547$0
Funding fee$1,304$1,304$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.494%7.640%
1st payment$1,215.36$1,215.36$2,647.73
2nd payment$0.00$810.31$0.00
Taxes / mo$354.08$354.08$354.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,719.44$2,529.76$3,228.29
Cash to close$164,037$42,490$42,490