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$204,829$204,829$418,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$213,671$0
Funding fee$1,024$1,024$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.322%7.640%
1st payment$962.51$962.51$2,897.61
2nd payment$0.00$1,379.96$0.00
Taxes / mo$221.00$221.00$221.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$38.00$38.00$38.00
Total monthly$1,388.17$2,768.13$3,406.97
Cash to close$260,171$46,500$46,500