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$245,540$245,540$288,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$42,460$0
Funding fee$1,228$1,228$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.774%7.640%
1st payment$1,145.24$1,145.24$1,994.05
2nd payment$0.00$318.45$0.00
Taxes / mo$205.08$205.08$205.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,500.32$1,818.77$2,406.74
Cash to close$74,460$32,000$32,000