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$206,797$206,797$261,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$54,203$0
Funding fee$1,034$1,034$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.088%7.560%
1st payment$961.49$961.49$1,792.89
2nd payment$0.00$406.53$0.00
Taxes / mo$6.25$6.25$6.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$430.00$430.00$430.00
Total monthly$1,547.74$1,954.27$2,431.34
Cash to close$83,203$29,000$29,000