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$202,950$202,950$463,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$260,550$0
Funding fee$1,015$1,015$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.653%7.640%
1st payment$964.73$964.73$3,209.18
2nd payment$0.00$1,682.72$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$54.17$54.17$54.17
Total monthly$1,614.74$3,297.46$3,951.88
Cash to close$312,050$51,500$51,500