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$197,707$197,707$355,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$157,793$0
Funding fee$989$989$0
Note rate4.170%4.170%7.400%
Blended rate4.170%5.870%7.640%
1st payment$1,193.81$1,193.81$2,461.41
2nd payment$0.00$1,051.95$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$450.00$450.00$450.00
Total monthly$2,122.97$3,174.93$3,461.68
Cash to close$197,293$39,500$39,500