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$249,910$249,910$292,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$42,590$0
Funding fee$1,250$1,250$0
Note rate4.000%4.000%7.400%
Blended rate4.000%4.728%7.640%
1st payment$1,398.83$1,398.83$2,025.21
2nd payment$0.00$319.43$0.00
Taxes / mo$581.58$581.58$581.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,130.41$2,449.84$2,815.29
Cash to close$75,090$32,500$32,500