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$244,814$244,814$337,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$92,596$0
Funding fee$1,224$1,224$0
Note rate2.810%2.810%7.240%
Blended rate2.810%4.509%7.480%
1st payment$1,150.19$1,150.19$2,299.44
2nd payment$0.00$694.47$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$25.00$25.00$25.00
Total monthly$1,637.61$2,332.07$2,854.34
Cash to close$130,086$37,490$37,490