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$206,037$206,037$320,400
Remaining term (yrs)24.224.230.0
Secondary amount$0$114,363$0
Funding fee$1,030$1,030$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.720%7.640%
1st payment$984.43$984.43$2,218.38
2nd payment$0.00$762.42$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.76$1,995.18$2,530.80
Cash to close$149,963$35,600$35,600