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$196,868$196,868$224,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$28,042$0
Funding fee$984$984$0
Note rate2.940%2.940%7.320%
Blended rate2.940%3.696%7.560%
1st payment$951.39$951.39$1,544.98
2nd payment$0.00$210.31$0.00
Taxes / mo$156.50$156.50$156.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$432.00$432.00$432.00
Total monthly$1,689.89$1,900.21$2,328.46
Cash to close$53,032$24,990$24,990