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$190,976$190,976$238,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,524$0
Funding fee$955$955$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.091%7.560%
1st payment$890.74$890.74$1,638.33
2nd payment$0.00$356.43$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,261.57$1,618.01$2,056.86
Cash to close$74,024$26,500$26,500