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$202,667$202,667$404,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$201,433$0
Funding fee$1,013$1,013$0
Note rate3.120%3.120%7.320%
Blended rate3.120%5.428%7.560%
1st payment$963.23$963.23$2,775.89
2nd payment$0.00$1,300.92$0.00
Taxes / mo$689.25$689.25$689.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$310.00$310.00$310.00
Total monthly$2,112.48$3,413.40$4,005.96
Cash to close$246,333$44,900$44,900