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$260,055$260,055$449,550
Remaining term (yrs)24.024.030.0
Secondary amount$0$189,495$0
Funding fee$1,300$1,300$0
Note rate2.890%2.890%7.320%
Blended rate2.890%5.044%7.560%
1st payment$1,247.08$1,247.08$3,088.10
2nd payment$0.00$1,263.30$0.00
Taxes / mo$21.33$21.33$21.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.91
HOA / mo$46.00$46.00$46.00
Total monthly$1,481.08$2,744.39$3,412.01
Cash to close$239,445$49,950$49,950