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$200,391$200,391$287,100
Remaining term (yrs)22.522.530.0
Secondary amount$0$86,709$0
Funding fee$1,002$1,002$0
Note rate4.080%4.080%7.400%
Blended rate4.080%5.566%7.640%
1st payment$1,130.34$1,130.34$1,987.82
2nd payment$0.00$650.32$0.00
Taxes / mo$181.00$181.00$181.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$35.67$35.67$35.67
Total monthly$1,497.01$2,147.32$2,411.91
Cash to close$118,609$31,900$31,900