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$199,000$199,000$305,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$106,999$0
Funding fee$995$995$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.833%7.640%
1st payment$985.86$985.86$2,118.68
2nd payment$0.00$713.33$0.00
Taxes / mo$143.75$143.75$143.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,279.61$1,992.93$2,473.63
Cash to close$140,999$34,000$34,000