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$248,378$248,378$382,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$134,122$0
Funding fee$1,242$1,242$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.565%7.560%
1st payment$1,233.03$1,233.03$2,627.51
2nd payment$0.00$894.14$0.00
Taxes / mo$191.00$191.00$191.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$50.00$50.00$50.00
Total monthly$1,624.03$2,518.18$3,095.01
Cash to close$176,622$42,500$42,500