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$186,388$186,388$296,550
Remaining term (yrs)25.125.130.0
Secondary amount$0$110,162$0
Funding fee$932$932$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.901%7.640%
1st payment$884.81$884.81$2,053.25
2nd payment$0.00$734.42$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,235.23$1,969.64$2,462.98
Cash to close$143,112$32,950$32,950