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$266,831$266,831$403,199
Remaining term (yrs)24.924.930.0
Secondary amount$0$136,368$0
Funding fee$1,334$1,334$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.598%7.640%
1st payment$1,243.16$1,243.16$2,791.67
2nd payment$0.00$909.12$0.00
Taxes / mo$100.50$100.50$100.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.64
HOA / mo$85.00$85.00$85.00
Total monthly$1,578.66$2,487.78$3,207.81
Cash to close$181,168$44,800$44,800