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$85,328$85,328$207,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$121,672$0
Funding fee$427$427$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.856%7.640%
1st payment$395.81$395.81$1,433.23
2nd payment$0.00$811.15$0.00
Taxes / mo$119.17$119.17$119.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$664.98$1,476.13$1,743.79
Cash to close$144,672$23,000$23,000