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$199,387$199,387$277,650
Remaining term (yrs)24.824.830.0
Secondary amount$0$78,263$0
Funding fee$997$997$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.684%7.640%
1st payment$946.60$946.60$1,922.39
2nd payment$0.00$586.97$0.00
Taxes / mo$165.58$165.58$165.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.53
HOA / mo$0.00$0.00$0.00
Total monthly$1,262.19$1,849.16$2,293.51
Cash to close$109,113$30,850$30,850