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$257,390$257,390$382,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$125,110$0
Funding fee$1,287$1,287$0
Note rate2.700%2.700%7.320%
Blended rate2.700%4.434%7.560%
1st payment$1,200.57$1,200.57$2,627.51
2nd payment$0.00$834.07$0.00
Taxes / mo$189.67$189.67$189.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,540.24$2,374.30$3,043.68
Cash to close$167,610$42,500$42,500