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$200,172$200,172$296,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$96,738$0
Funding fee$1,001$1,001$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.928%7.640%
1st payment$947.21$947.21$2,055.74
2nd payment$0.00$725.54$0.00
Taxes / mo$516.50$516.50$516.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$78.75$78.75$78.75
Total monthly$1,692.46$2,418.00$2,860.38
Cash to close$129,728$32,990$32,990