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$198,721$198,721$305,550
Remaining term (yrs)24.324.330.0
Secondary amount$0$106,829$0
Funding fee$994$994$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.742%7.640%
1st payment$956.47$956.47$2,115.57
2nd payment$0.00$712.19$0.00
Taxes / mo$815.08$815.08$815.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,921.55$2,633.75$3,141.76
Cash to close$140,779$33,950$33,950