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$196,145$196,145$382,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$186,355$0
Funding fee$981$981$0
Note rate2.730%2.730%7.320%
Blended rate2.730%5.298%7.560%
1st payment$915.69$915.69$2,627.51
2nd payment$0.00$1,242.37$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,419.86$2,662.23$3,208.18
Cash to close$228,855$42,500$42,500