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$188,570$188,570$553,491
Remaining term (yrs)20.020.030.0
Secondary amount$0$364,921$0
Funding fee$943$943$0
Note rate2.150%2.150%7.400%
Blended rate2.150%5.842%7.640%
1st payment$961.00$961.00$3,832.26
2nd payment$0.00$2,356.78$0.00
Taxes / mo$492.58$492.58$492.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,620.25$3,977.03$4,602.21
Cash to close$426,420$61,499$61,499