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$249,724$249,724$369,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$119,276$0
Funding fee$1,249$1,249$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.481%7.560%
1st payment$1,183.19$1,183.19$2,534.77
2nd payment$0.00$795.17$0.00
Taxes / mo$601.33$601.33$601.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$81.00$81.00$81.00
Total monthly$2,015.52$2,810.69$3,440.91
Cash to close$160,276$41,000$41,000