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$213,937$213,937$292,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$78,473$0
Funding fee$1,070$1,070$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.420%7.640%
1st payment$997.47$997.47$2,024.59
2nd payment$0.00$588.55$0.00
Taxes / mo$272.00$272.00$272.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$429.00$429.00$429.00
Total monthly$1,848.47$2,437.01$2,934.07
Cash to close$110,963$32,490$32,490