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$205,437$205,437$495,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$289,563$0
Funding fee$1,027$1,027$0
Note rate3.100%3.100%7.320%
Blended rate3.100%5.820%7.560%
1st payment$974.24$974.24$3,400.31
2nd payment$0.00$1,870.09$0.00
Taxes / mo$487.92$487.92$487.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$141.67$141.67$141.67
Total monthly$1,770.49$3,640.58$4,295.56
Cash to close$344,563$55,000$55,000