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$188,128$188,128$255,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$67,472$0
Funding fee$941$941$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.444%7.640%
1st payment$883.87$883.87$1,769.72
2nd payment$0.00$506.04$0.00
Taxes / mo$63.86$63.86$63.86
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,097.73$1,603.77$2,034.71
Cash to close$95,872$28,400$28,400