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$214,609$214,609$265,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$50,891$0
Funding fee$1,073$1,073$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.988%7.640%
1st payment$993.23$993.23$1,838.27
2nd payment$0.00$381.68$0.00
Taxes / mo$374.25$374.25$374.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$290.00$290.00$290.00
Total monthly$1,807.48$2,189.17$2,705.62
Cash to close$80,391$29,500$29,500