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$203,245$203,245$387,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$183,755$0
Funding fee$1,016$1,016$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.301%7.640%
1st payment$971.53$971.53$2,679.51
2nd payment$0.00$1,225.03$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.86$2,704.89$3,265.24
Cash to close$226,755$43,000$43,000