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$201,374$201,374$503,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$301,726$0
Funding fee$1,007$1,007$0
Note rate2.730%2.730%7.400%
Blended rate2.730%5.741%7.640%
1st payment$940.11$940.11$3,483.36
2nd payment$0.00$1,948.64$0.00
Taxes / mo$232.92$232.92$232.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$49.67$49.67$49.67
Total monthly$1,389.36$3,338.01$4,033.24
Cash to close$357,626$55,900$55,900