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$195,999$195,999$269,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$73,101$0
Funding fee$980$980$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.426%7.640%
1st payment$918.42$918.42$1,863.19
2nd payment$0.00$548.26$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$79.00$79.00$79.00
Total monthly$1,396.59$1,944.85$2,395.18
Cash to close$103,001$29,900$29,900