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$200,396$200,396$284,400
Remaining term (yrs)25.025.030.0
Secondary amount$0$84,004$0
Funding fee$1,002$1,002$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.674%7.640%
1st payment$931.53$931.53$1,969.13
2nd payment$0.00$630.03$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.88
HOA / mo$29.00$29.00$29.00
Total monthly$1,277.36$1,907.39$2,371.84
Cash to close$115,604$31,600$31,600