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$196,545$196,545$494,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$297,555$0
Funding fee$983$983$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.821%7.640%
1st payment$928.19$928.19$3,421.05
2nd payment$0.00$1,921.71$0.00
Taxes / mo$160.93$160.93$160.93
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,255.79$3,177.50$3,847.46
Cash to close$352,455$54,900$54,900