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$202,469$202,469$287,325
Remaining term (yrs)24.924.930.0
Secondary amount$0$84,856$0
Funding fee$1,012$1,012$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.680%7.560%
1st payment$946.50$946.50$1,973.72
2nd payment$0.00$636.42$0.00
Taxes / mo$623.58$623.58$623.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.47
HOA / mo$12.00$12.00$12.00
Total monthly$1,732.08$2,368.50$2,816.77
Cash to close$116,781$31,925$31,925