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$183,121$183,121$220,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$37,379$0
Funding fee$916$916$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.192%7.640%
1st payment$916.95$916.95$1,526.70
2nd payment$0.00$280.34$0.00
Taxes / mo$218.25$218.25$218.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$4.17$4.17$4.17
Total monthly$1,289.37$1,569.71$1,943.22
Cash to close$61,879$24,500$24,500