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$180,275$180,275$368,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$187,825$0
Funding fee$901$901$0
Note rate2.840%2.840%7.400%
Blended rate2.840%5.473%7.640%
1st payment$855.79$855.79$2,548.65
2nd payment$0.00$1,252.16$0.00
Taxes / mo$138.67$138.67$138.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.62
HOA / mo$41.67$41.67$41.67
Total monthly$1,186.12$2,438.29$2,952.61
Cash to close$228,725$40,900$40,900