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$188,507$188,507$247,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$58,993$0
Funding fee$943$943$0
Note rate2.680%2.680%7.400%
Blended rate2.680%4.186%7.640%
1st payment$877.36$877.36$1,713.64
2nd payment$0.00$442.45$0.00
Taxes / mo$164.80$164.80$164.80
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,192.15$1,634.60$2,077.94
Cash to close$86,493$27,500$27,500