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$196,868$196,868$899,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$703,042$0
Funding fee$984$984$0
Note rate2.830%2.830%7.400%
Blended rate2.830%6.674%7.640%
1st payment$935.77$935.77$6,230.80
2nd payment$0.00$4,540.48$0.00
Taxes / mo$833.25$833.25$833.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,985.69$6,526.17$7,460.69
Cash to close$803,032$99,990$99,990