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$254,589$254,589$332,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$78,321$0
Funding fee$1,273$1,273$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.266%7.560%
1st payment$1,207.54$1,207.54$2,286.86
2nd payment$0.00$587.41$0.00
Taxes / mo$230.75$230.75$230.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,588.29$2,175.70$2,734.19
Cash to close$115,311$36,990$36,990