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$212,245$212,245$234,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$34,755$0
Funding fee$1,061$1,061$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.137%7.640%
1st payment$992.20$992.20$1,620.17
2nd payment$0.00$343.93$0.00
Taxes / mo$111.92$111.92$111.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$425.00$425.00$425.00
Total monthly$1,679.11$2,023.04$2,353.89
Cash to close$47,755$13,000$26,000