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$207,184$207,184$400,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$193,316$0
Funding fee$1,036$1,036$0
Note rate2.800%2.800%7.320%
Blended rate2.800%5.310%7.560%
1st payment$976.95$976.95$2,751.16
2nd payment$0.00$1,288.77$0.00
Taxes / mo$219.15$219.15$219.15
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$10.00$10.00$10.00
Total monthly$1,356.10$2,644.87$3,210.40
Cash to close$237,816$44,500$44,500