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$206,964$206,964$484,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$277,236$0
Funding fee$1,035$1,035$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.647%7.640%
1st payment$983.77$983.77$3,352.50
2nd payment$0.00$1,790.48$0.00
Taxes / mo$194.08$194.08$194.08
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$1,357.52$3,148.00$3,823.09
Cash to close$331,036$53,800$53,800