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$144,970$144,970$400,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$255,530$0
Funding fee$725$725$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.926%7.640%
1st payment$676.93$676.93$2,772.98
2nd payment$0.00$1,650.30$0.00
Taxes / mo$124.83$124.83$124.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$8.33$8.33$8.33
Total monthly$960.10$2,610.40$3,136.24
Cash to close$300,030$44,500$44,500