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$253,910$253,910$337,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$83,500$0
Funding fee$1,270$1,270$0
Note rate2.870%2.870%7.240%
Blended rate2.870%4.387%7.480%
1st payment$1,184.27$1,184.27$2,299.44
2nd payment$0.00$626.25$0.00
Taxes / mo$312.42$312.42$312.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$269.00$269.00$269.00
Total monthly$1,915.69$2,541.94$3,098.34
Cash to close$120,990$37,490$37,490