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$262,202$262,202$369,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$106,798$0
Funding fee$1,311$1,311$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.447%7.640%
1st payment$1,257.56$1,257.56$2,554.88
2nd payment$0.00$711.99$0.00
Taxes / mo$0.25$0.25$0.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$89.00$89.00$89.00
Total monthly$1,496.81$2,208.80$2,867.93
Cash to close$147,798$41,000$41,000