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$249,385$249,385$333,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$83,615$0
Funding fee$1,247$1,247$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.409%7.560%
1st payment$1,160.54$1,160.54$2,287.48
2nd payment$0.00$627.12$0.00
Taxes / mo$166.17$166.17$166.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$35.00$35.00$35.00
Total monthly$1,511.70$2,138.82$2,705.25
Cash to close$120,615$37,000$37,000