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$184,072$184,072$270,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$85,928$0
Funding fee$920$920$0
Note rate2.740%2.740%7.320%
Blended rate2.740%4.732%7.560%
1st payment$860.27$860.27$1,854.71
2nd payment$0.00$644.46$0.00
Taxes / mo$74.08$74.08$74.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$366.00$366.00$366.00
Total monthly$1,450.36$2,094.81$2,498.80
Cash to close$115,928$30,000$30,000