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$206,059$206,059$562,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$356,441$0
Funding fee$1,030$1,030$0
Note rate2.310%2.310%7.320%
Blended rate2.310%5.757%7.560%
1st payment$898.20$898.20$3,863.98
2nd payment$0.00$2,302.02$0.00
Taxes / mo$514.42$514.42$514.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,579.28$3,881.30$4,657.57
Cash to close$418,941$62,500$62,500