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$214,234$214,234$251,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$36,866$0
Funding fee$1,071$1,071$0
Note rate2.880%2.880%7.320%
Blended rate2.880%3.779%7.560%
1st payment$998.06$998.06$1,724.88
2nd payment$0.00$276.50$0.00
Taxes / mo$260.89$260.89$260.89
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$85.00$85.00$85.00
Total monthly$1,493.96$1,770.46$2,271.00
Cash to close$64,766$27,900$27,900