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$246,429$246,429$382,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$136,071$0
Funding fee$1,232$1,232$0
Note rate3.310%3.310%7.320%
Blended rate3.310%4.978%7.560%
1st payment$1,249.74$1,249.74$2,627.51
2nd payment$0.00$907.14$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$668.00$668.00$668.00
Total monthly$2,421.91$3,329.05$3,876.18
Cash to close$178,571$42,500$42,500