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$164,784$164,784$189,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$34,716$0
Funding fee$824$824$0
Note rate3.060%3.060%7.320%
Blended rate3.060%4.594%7.560%
1st payment$791.87$791.87$1,298.30
2nd payment$0.00$343.54$0.00
Taxes / mo$280.17$280.17$280.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$473.00$473.00$473.00
Total monthly$1,695.04$2,038.58$2,239.27
Cash to close$45,216$10,500$21,000