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$243,955$243,955$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$161,045$0
Funding fee$1,220$1,220$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.952%7.640%
1st payment$1,178.95$1,178.95$2,804.14
2nd payment$0.00$1,073.63$0.00
Taxes / mo$227.50$227.50$227.50
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$1,556.45$2,630.08$3,262.64
Cash to close$206,045$45,000$45,000