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$188,219$188,219$251,996
Remaining term (yrs)23.723.730.0
Secondary amount$0$63,776$0
Funding fee$941$941$0
Note rate3.230%3.230%7.400%
Blended rate3.230%4.690%7.640%
1st payment$944.45$944.45$1,744.77
2nd payment$0.00$478.32$0.00
Taxes / mo$40.65$40.65$40.65
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$30.00$30.00$30.00
Total monthly$1,165.10$1,643.42$2,015.82
Cash to close$91,776$28,000$28,000