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$206,618$206,618$319,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$112,882$0
Funding fee$1,033$1,033$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.676%7.640%
1st payment$987.65$987.65$2,212.15
2nd payment$0.00$752.54$0.00
Taxes / mo$720.67$720.67$720.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,858.32$2,610.86$3,146.72
Cash to close$148,382$35,500$35,500