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$248,224$248,224$310,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$62,276$0
Funding fee$1,241$1,241$0
Note rate3.730%3.730%7.320%
Blended rate3.730%4.787%7.560%
1st payment$1,325.89$1,325.89$2,132.92
2nd payment$0.00$467.07$0.00
Taxes / mo$250.75$250.75$250.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$474.00$474.00$474.00
Total monthly$2,200.64$2,667.71$3,069.77
Cash to close$96,776$34,500$34,500