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$175,671$175,671$418,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$242,829$0
Funding fee$878$878$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.697%7.640%
1st payment$820.31$820.31$2,897.61
2nd payment$0.00$1,568.27$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$396.00$396.00$396.00
Total monthly$1,770.48$3,338.75$3,931.48
Cash to close$289,329$46,500$46,500