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$188,236$188,236$449,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$260,864$0
Funding fee$941$941$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.650%7.640%
1st payment$879.73$879.73$3,109.48
2nd payment$0.00$1,684.74$0.00
Taxes / mo$57.56$57.56$57.56
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$34.50$34.50$34.50
Total monthly$1,138.46$2,823.20$3,458.02
Cash to close$310,764$49,900$49,900