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$204,982$204,982$301,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$96,518$0
Funding fee$1,025$1,025$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.805%7.640%
1st payment$974.35$974.35$2,087.53
2nd payment$0.00$723.88$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,403.51$2,127.39$2,576.99
Cash to close$130,018$33,500$33,500