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$185,345$185,345$323,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$137,755$0
Funding fee$927$927$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.499%7.640%
1st payment$981.10$981.10$2,237.08
2nd payment$0.00$918.37$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$36.67$36.67$36.67
Total monthly$1,466.93$2,385.30$2,787.54
Cash to close$173,655$35,900$35,900