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$185,291$185,291$359,999
Remaining term (yrs)24.324.330.0
Secondary amount$0$174,708$0
Funding fee$926$926$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.308%7.640%
1st payment$870.88$870.88$2,492.56
2nd payment$0.00$1,164.72$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$345.00$345.00$345.00
Total monthly$1,549.21$2,713.93$3,242.89
Cash to close$214,708$40,000$40,000