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$199,177$199,177$301,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$102,323$0
Funding fee$996$996$0
Note rate2.680%2.680%7.400%
Blended rate2.680%4.485%7.640%
1st payment$927.02$927.02$2,087.53
2nd payment$0.00$682.15$0.00
Taxes / mo$287.17$287.17$287.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,364.18$2,046.34$2,584.99
Cash to close$135,823$33,500$33,500