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$96,998$96,998$297,000
Remaining term (yrs)22.122.130.0
Secondary amount$0$200,002$0
Funding fee$485$485$0
Note rate2.800%2.800%7.400%
Blended rate2.800%6.133%7.640%
1st payment$488.54$488.54$2,056.37
2nd payment$0.00$1,291.68$0.00
Taxes / mo$39.67$39.67$39.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$678.20$1,969.88$2,305.43
Cash to close$233,002$33,000$33,000