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$51,658$51,658$283,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$231,842$0
Funding fee$258$258$0
Note rate2.800%2.800%7.320%
Blended rate2.800%6.848%7.560%
1st payment$246.54$246.54$1,947.45
2nd payment$0.00$1,497.31$0.00
Taxes / mo$608.92$608.92$608.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$569.00$569.00$569.00
Total monthly$1,574.45$3,071.77$3,332.06
Cash to close$263,342$31,500$31,500