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$189,996$189,996$287,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$97,104$0
Funding fee$950$950$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.003%7.640%
1st payment$901.10$901.10$1,987.82
2nd payment$0.00$728.28$0.00
Taxes / mo$265.83$265.83$265.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$210.00$210.00$210.00
Total monthly$1,526.94$2,255.22$2,671.08
Cash to close$129,004$31,900$31,900