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$198,543$198,543$373,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$174,957$0
Funding fee$993$993$0
Note rate3.820%3.820%7.320%
Blended rate3.820%5.778%7.560%
1st payment$1,143.92$1,143.92$2,565.69
2nd payment$0.00$1,166.38$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$8.33$8.33$8.33
Total monthly$1,648.08$2,814.46$3,144.55
Cash to close$216,457$41,500$41,500