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$198,695$198,695$269,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$70,405$0
Funding fee$993$993$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.481%7.640%
1st payment$985.31$985.31$1,863.19
2nd payment$0.00$528.04$0.00
Taxes / mo$442.49$442.49$442.49
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,577.80$2,105.84$2,509.51
Cash to close$100,305$29,900$29,900