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$205,253$205,253$449,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$244,657$0
Funding fee$1,026$1,026$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.565%7.640%
1st payment$973.46$973.46$3,115.09
2nd payment$0.00$1,580.08$0.00
Taxes / mo$240.67$240.67$240.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,380.80$2,960.87$3,612.40
Cash to close$294,647$49,990$49,990