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$266,411$266,411$359,550
Remaining term (yrs)24.824.830.0
Secondary amount$0$93,139$0
Funding fee$1,332$1,332$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.406%7.560%
1st payment$1,235.81$1,235.81$2,469.86
2nd payment$0.00$698.54$0.00
Taxes / mo$190.75$190.75$190.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,576.56$2,275.10$2,882.52
Cash to close$133,089$39,950$39,950