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$20,519$20,519$252,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$231,481$0
Funding fee$103$103$0
Note rate3.050%3.050%7.320%
Blended rate3.050%7.367%7.560%
1st payment$97.41$97.41$1,731.07
2nd payment$0.00$1,494.98$0.00
Taxes / mo$248.00$248.00$248.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$495.41$1,990.39$2,179.47
Cash to close$259,481$28,000$28,000