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$200,470$200,470$233,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$33,440$0
Funding fee$1,002$1,002$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.746%7.640%
1st payment$932.91$932.91$1,619.55
2nd payment$0.00$250.80$0.00
Taxes / mo$580.00$580.00$580.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,662.91$1,913.71$2,396.33
Cash to close$59,430$25,990$25,990