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$189,580$189,580$216,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$26,420$0
Funding fee$948$948$0
Note rate3.160%3.160%7.320%
Blended rate3.160%3.874%7.560%
1st payment$942.15$942.15$1,483.77
2nd payment$0.00$198.15$0.00
Taxes / mo$103.50$103.50$103.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$364.00$364.00$364.00
Total monthly$1,559.65$1,757.80$2,144.47
Cash to close$50,420$24,000$24,000