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$199,057$199,057$285,300
Remaining term (yrs)23.423.430.0
Secondary amount$0$86,243$0
Funding fee$995$995$0
Note rate3.510%3.510%7.400%
Blended rate3.510%5.170%7.640%
1st payment$1,035.19$1,035.19$1,975.36
2nd payment$0.00$646.82$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.06
HOA / mo$0.00$0.00$0.00
Total monthly$1,421.36$2,068.17$2,418.59
Cash to close$117,943$31,700$31,700