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$206,176$206,176$297,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$90,824$0
Funding fee$1,031$1,031$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.738%7.640%
1st payment$985.54$985.54$2,056.37
2nd payment$0.00$681.18$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$12.50$12.50$12.50
Total monthly$1,423.04$2,104.22$2,553.27
Cash to close$123,824$33,000$33,000