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$187,743$187,743$373,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$185,757$0
Funding fee$939$939$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.537%7.640%
1st payment$890.33$890.33$2,586.04
2nd payment$0.00$1,238.38$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$316.00$316.00$316.00
Total monthly$1,702.16$2,940.54$3,472.57
Cash to close$227,257$41,500$41,500