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$197,832$197,832$215,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$30,073$0
Funding fee$989$989$0
Note rate3.120%3.120%7.320%
Blended rate3.120%4.275%7.560%
1st payment$940.25$940.25$1,483.15
2nd payment$0.00$297.60$0.00
Taxes / mo$199.92$199.92$199.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$155.00$155.00$155.00
Total monthly$1,445.17$1,742.76$2,031.25
Cash to close$42,068$11,995$23,990