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$209,812$209,812$324,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$114,188$0
Funding fee$1,049$1,049$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.581%7.640%
1st payment$987.93$987.93$2,243.31
2nd payment$0.00$761.25$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,437.93$2,199.19$2,758.11
Cash to close$150,188$36,000$36,000