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$195,887$195,887$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$209,113$0
Funding fee$979$979$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.395%7.560%
1st payment$906.48$906.48$2,782.07
2nd payment$0.00$1,350.52$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$782.00$782.00$782.00
Total monthly$2,213.48$3,564.00$4,170.07
Cash to close$254,113$45,000$45,000