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$18,474$18,474$224,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$206,436$0
Funding fee$92$92$0
Note rate2.880%2.880%7.400%
Blended rate2.880%7.350%7.640%
1st payment$100.73$100.73$1,557.23
2nd payment$0.00$1,333.23$0.00
Taxes / mo$282.85$282.85$282.85
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$330.00$330.00$330.00
Total monthly$863.58$2,196.81$2,365.06
Cash to close$231,426$24,990$24,990