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$196,124$196,124$483,300
Remaining term (yrs)24.024.030.0
Secondary amount$0$287,176$0
Funding fee$981$981$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.774%7.640%
1st payment$939.50$939.50$3,346.27
2nd payment$0.00$1,854.68$0.00
Taxes / mo$389.00$389.00$389.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.66
HOA / mo$15.00$15.00$15.00
Total monthly$1,510.17$3,364.84$4,013.60
Cash to close$340,876$53,700$53,700