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$212,589$212,589$288,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,411$0
Funding fee$1,063$1,063$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.423%7.640%
1st payment$986.15$986.15$1,994.05
2nd payment$0.00$565.58$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,402.81$1,968.40$2,468.32
Cash to close$107,411$32,000$32,000