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$180,076$180,076$360,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$179,924$0
Funding fee$900$900$0
Note rate2.860%2.860%7.320%
Blended rate2.860%5.429%7.560%
1st payment$838.97$838.97$2,472.95
2nd payment$0.00$1,199.49$0.00
Taxes / mo$495.67$495.67$495.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$115.00$115.00$115.00
Total monthly$1,599.64$2,799.13$3,305.62
Cash to close$219,924$40,000$40,000