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$186,170$186,170$306,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$119,830$0
Funding fee$931$931$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.019%7.640%
1st payment$884.78$884.78$2,118.68
2nd payment$0.00$798.87$0.00
Taxes / mo$337.67$337.67$337.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$225.00$225.00$225.00
Total monthly$1,597.44$2,396.31$2,892.55
Cash to close$153,830$34,000$34,000