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$196,005$196,005$422,999
Remaining term (yrs)23.223.230.0
Secondary amount$0$226,994$0
Funding fee$980$980$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.897%7.640%
1st payment$1,051.41$1,051.41$2,928.76
2nd payment$0.00$1,466.00$0.00
Taxes / mo$156.42$156.42$156.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$25.00$25.00$25.00
Total monthly$1,399.50$2,865.50$3,361.45
Cash to close$273,994$47,000$47,000