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$200,015$200,015$418,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$218,485$0
Funding fee$1,000$1,000$0
Note rate2.650%2.650%7.400%
Blended rate2.650%5.313%7.640%
1st payment$927.88$927.88$2,897.61
2nd payment$0.00$1,411.05$0.00
Taxes / mo$254.58$254.58$254.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$64.00$64.00$64.00
Total monthly$1,413.13$2,824.17$3,466.56
Cash to close$264,985$46,500$46,500