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$178,936$178,936$414,000
Remaining term (yrs)20.420.430.0
Secondary amount$0$235,064$0
Funding fee$895$895$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.645%7.640%
1st payment$961.10$961.10$2,866.45
2nd payment$0.00$1,518.12$0.00
Taxes / mo$77.25$77.25$77.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,205.01$2,723.13$3,193.17
Cash to close$281,064$46,000$46,000