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$206,875$206,875$484,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$277,325$0
Funding fee$1,034$1,034$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.639%7.640%
1st payment$981.23$981.23$3,352.50
2nd payment$0.00$1,791.06$0.00
Taxes / mo$215.82$215.82$215.82
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.84
HOA / mo$13.00$13.00$13.00
Total monthly$1,376.72$3,167.77$3,844.83
Cash to close$331,125$53,800$53,800