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$197,158$197,158$405,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$207,842$0
Funding fee$986$986$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.311%7.640%
1st payment$921.43$921.43$2,804.14
2nd payment$0.00$1,342.31$0.00
Taxes / mo$180.83$180.83$180.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,252.26$2,594.57$3,215.97
Cash to close$252,842$45,000$45,000