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$195,505$195,505$458,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$262,595$0
Funding fee$978$978$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.672%7.560%
1st payment$938.78$938.78$3,146.83
2nd payment$0.00$1,695.92$0.00
Taxes / mo$197.58$197.58$197.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.62
HOA / mo$31.25$31.25$31.25
Total monthly$1,334.28$3,030.20$3,633.95
Cash to close$313,495$50,900$50,900