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$210,286$210,286$346,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$136,214$0
Funding fee$1,051$1,051$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.881%7.560%
1st payment$979.72$979.72$2,380.21
2nd payment$0.00$908.10$0.00
Taxes / mo$192.17$192.17$192.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$315.00$315.00$315.00
Total monthly$1,636.89$2,544.98$3,106.68
Cash to close$174,714$38,500$38,500