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$194,633$194,633$265,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$70,867$0
Funding fee$973$973$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.477%7.640%
1st payment$922.95$922.95$1,838.27
2nd payment$0.00$531.50$0.00
Taxes / mo$118.17$118.17$118.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,191.12$1,722.61$2,159.54
Cash to close$100,367$29,500$29,500