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$196,318$196,318$279,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$82,682$0
Funding fee$982$982$0
Note rate2.150%2.150%7.400%
Blended rate2.150%4.180%7.640%
1st payment$844.39$844.39$1,931.74
2nd payment$0.00$620.11$0.00
Taxes / mo$308.77$308.77$308.77
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,303.16$1,923.27$2,446.31
Cash to close$113,682$31,000$31,000