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$212,746$212,746$495,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$282,254$0
Funding fee$1,064$1,064$0
Note rate2.840%2.840%7.320%
Blended rate2.840%5.640%7.560%
1st payment$988.99$988.99$3,400.31
2nd payment$0.00$1,822.89$0.00
Taxes / mo$374.25$374.25$374.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$8.50$8.50$8.50
Total monthly$1,538.40$3,361.30$4,048.72
Cash to close$337,254$55,000$55,000