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$29,903$29,903$225,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$195,097$0
Funding fee$150$150$0
Note rate3.920%3.920%7.400%
Blended rate3.920%7.458%7.640%
1st payment$214.78$214.78$1,557.85
2nd payment$0.00$1,300.65$0.00
Taxes / mo$85.67$85.67$85.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$350.00$350.00$350.00
Total monthly$800.45$2,101.09$2,188.52
Cash to close$220,097$25,000$25,000