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$189,956$189,956$257,400
Remaining term (yrs)24.424.430.0
Secondary amount$0$67,444$0
Funding fee$950$950$0
Note rate2.680%2.680%7.400%
Blended rate2.680%4.336%7.640%
1st payment$881.97$881.97$1,782.19
2nd payment$0.00$505.83$0.00
Taxes / mo$505.72$505.72$505.72
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.48
HOA / mo$305.00$305.00$305.00
Total monthly$1,842.69$2,348.52$2,794.39
Cash to close$96,044$28,600$28,600