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$196,932$196,932$530,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$333,978$0
Funding fee$985$985$0
Note rate2.650%2.650%7.320%
Blended rate2.650%5.858%7.560%
1st payment$911.36$911.36$3,646.98
2nd payment$0.00$2,156.94$0.00
Taxes / mo$491.58$491.58$491.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,569.61$3,726.55$4,411.42
Cash to close$392,968$58,990$58,990