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$247,651$247,651$359,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$112,259$0
Funding fee$1,238$1,238$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.608%7.560%
1st payment$1,216.29$1,216.29$2,472.33
2nd payment$0.00$748.39$0.00
Taxes / mo$877.33$877.33$877.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$14.58$14.58$14.58
Total monthly$2,258.21$3,006.60$3,586.23
Cash to close$152,249$39,990$39,990