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$28,844$28,844$269,910
Remaining term (yrs)4.84.830.0
Secondary amount$0$241,066$0
Funding fee$144$144$0
Note rate2.870%2.870%7.400%
Blended rate2.870%7.229%7.640%
1st payment$524.76$524.76$1,868.80
2nd payment$0.00$1,556.89$0.00
Taxes / mo$249.92$249.92$249.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$924.68$2,481.57$2,322.70
Cash to close$271,056$29,990$29,990