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$214,609$214,609$261,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$46,391$0
Funding fee$1,073$1,073$0
Note rate2.800%2.800%7.240%
Blended rate2.800%3.902%7.480%
1st payment$993.23$993.23$1,778.71
2nd payment$0.00$347.93$0.00
Taxes / mo$374.25$374.25$374.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$290.00$290.00$290.00
Total monthly$1,807.48$2,155.42$2,645.16
Cash to close$75,391$29,000$29,000