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$193,967$193,967$315,000
Remaining term (yrs)15.015.030.0
Secondary amount$0$121,033$0
Funding fee$970$970$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.847%7.560%
1st payment$1,316.66$1,316.66$2,163.83
2nd payment$0.00$806.89$0.00
Taxes / mo$82.33$82.33$82.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$578.00$578.00$578.00
Total monthly$2,127.00$2,933.88$3,037.16
Cash to close$156,033$35,000$35,000