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$173,900$173,900$391,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$217,600$0
Funding fee$870$870$0
Note rate2.810%2.810%7.320%
Blended rate2.810%5.556%7.560%
1st payment$822.85$822.85$2,689.33
2nd payment$0.00$1,405.33$0.00
Taxes / mo$121.17$121.17$121.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,094.02$2,499.35$3,038.80
Cash to close$261,100$43,500$43,500