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$55,821$55,821$229,500
Remaining term (yrs)4.74.730.0
Secondary amount$0$173,679$0
Funding fee$279$279$0
Note rate2.810%2.810%7.320%
Blended rate2.810%6.738%7.560%
1st payment$1,030.40$1,030.40$1,576.51
2nd payment$0.00$1,157.86$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.90$2,550.76$1,984.91
Cash to close$199,179$25,500$25,500