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$190,966$190,966$261,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$70,034$0
Funding fee$955$955$0
Note rate3.360%3.360%7.320%
Blended rate3.360%4.873%7.560%
1st payment$1,003.98$1,003.98$1,792.89
2nd payment$0.00$525.25$0.00
Taxes / mo$295.17$295.17$295.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,449.15$1,974.40$2,290.26
Cash to close$99,034$29,000$29,000