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$192,615$192,615$288,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$95,385$0
Funding fee$963$963$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.874%7.640%
1st payment$913.37$913.37$1,994.05
2nd payment$0.00$715.39$0.00
Taxes / mo$139.92$139.92$139.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$22.50$22.50$22.50
Total monthly$1,225.79$1,941.18$2,364.07
Cash to close$127,385$32,000$32,000