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$5,197$5,197$202,500
Remaining term (yrs)1.21.230.0
Secondary amount$0$197,303$0
Funding fee$26$26$0
Note rate7.210%7.210%7.320%
Blended rate7.210%7.980%7.560%
1st payment$341.64$341.64$1,391.03
2nd payment$0.00$1,315.35$0.00
Taxes / mo$74.83$74.83$74.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$268.00$268.00$268.00
Total monthly$834.47$2,149.82$1,924.37
Cash to close$219,803$22,500$22,500