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$245,677$245,677$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$136,823$0
Funding fee$1,228$1,228$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.654%7.640%
1st payment$1,154.45$1,154.45$2,648.35
2nd payment$0.00$912.16$0.00
Taxes / mo$169.67$169.67$169.67
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$1,474.12$2,386.28$3,044.52
Cash to close$179,323$42,500$42,500