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$59,653$59,653$256,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$196,847$0
Funding fee$298$298$0
Note rate2.875%2.875%7.400%
Blended rate2.875%6.808%7.640%
1st payment$479.21$479.21$1,775.95
2nd payment$0.00$1,312.31$0.00
Taxes / mo$149.08$149.08$149.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$778.29$2,090.61$2,126.34
Cash to close$225,347$28,500$28,500