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$210,311$210,311$422,996
Remaining term (yrs)24.424.430.0
Secondary amount$0$212,685$0
Funding fee$1,052$1,052$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.294%7.640%
1st payment$988.09$988.09$2,928.74
2nd payment$0.00$1,373.59$0.00
Taxes / mo$391.66$391.66$391.66
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,546.41$2,920.00$3,571.66
Cash to close$259,684$47,000$47,000