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$202,575$202,575$359,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$157,335$0
Funding fee$1,013$1,013$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.186%7.640%
1st payment$989.93$989.93$2,491.94
2nd payment$0.00$1,048.90$0.00
Taxes / mo$137.32$137.32$137.32
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$16.00$16.00$16.00
Total monthly$1,293.25$2,342.14$2,867.25
Cash to close$197,325$39,990$39,990