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$200,506$200,506$300,600
Remaining term (yrs)25.025.030.0
Secondary amount$0$100,094$0
Funding fee$1,003$1,003$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.585%7.560%
1st payment$934.11$934.11$2,064.91
2nd payment$0.00$667.30$0.00
Taxes / mo$144.75$144.75$144.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,228.86$1,896.15$2,419.78
Cash to close$133,494$33,400$33,400