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$194,432$194,432$234,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$39,568$0
Funding fee$972$972$0
Note rate3.510%3.510%7.320%
Blended rate3.510%4.438%7.560%
1st payment$1,015.76$1,015.76$1,607.42
2nd payment$0.00$296.76$0.00
Taxes / mo$114.33$114.33$114.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,280.09$1,576.86$1,918.55
Cash to close$65,568$26,000$26,000