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$198,380$198,380$345,600
Remaining term (yrs)23.223.230.0
Secondary amount$0$147,220$0
Funding fee$992$992$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.560%7.640%
1st payment$1,064.15$1,064.15$2,392.86
2nd payment$0.00$981.46$0.00
Taxes / mo$181.08$181.08$181.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.12
HOA / mo$78.00$78.00$78.00
Total monthly$1,473.23$2,454.69$2,871.07
Cash to close$185,620$38,400$38,400