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$194,349$194,349$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$107,151$0
Funding fee$972$972$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.738%7.560%
1st payment$939.22$939.22$2,071.10
2nd payment$0.00$714.34$0.00
Taxes / mo$306.33$306.33$306.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$478.33$478.33$478.33
Total monthly$1,873.88$2,588.22$3,066.06
Cash to close$140,651$33,500$33,500