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$195,621$195,621$251,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$55,479$0
Funding fee$978$978$0
Note rate3.850%3.850%7.320%
Blended rate3.850%4.988%7.560%
1st payment$1,000.74$1,000.74$1,724.88
2nd payment$0.00$416.09$0.00
Taxes / mo$232.50$232.50$232.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.24$1,799.33$2,157.60
Cash to close$83,379$27,900$27,900