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$207,501$207,501$400,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$192,999$0
Funding fee$1,038$1,038$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.347%7.560%
1st payment$996.38$996.38$2,751.16
2nd payment$0.00$1,286.66$0.00
Taxes / mo$214.67$214.67$214.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,361.05$2,647.71$3,195.92
Cash to close$237,499$44,500$44,500