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$196,628$196,628$355,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$158,872$0
Funding fee$983$983$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.577%7.640%
1st payment$1,048.27$1,048.27$2,461.41
2nd payment$0.00$1,059.15$0.00
Taxes / mo$13.25$13.25$13.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$30.00$30.00$30.00
Total monthly$1,241.52$2,300.66$2,725.76
Cash to close$198,372$39,500$39,500