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$199,315$199,315$274,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$75,185$0
Funding fee$997$997$0
Note rate3.720%3.720%7.400%
Blended rate3.720%5.166%7.640%
1st payment$1,063.57$1,063.57$1,900.58
2nd payment$0.00$563.89$0.00
Taxes / mo$150.92$150.92$150.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$386.00$386.00$386.00
Total monthly$1,750.49$2,314.38$2,642.40
Cash to close$105,685$30,500$30,500