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$198,167$198,167$269,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$70,933$0
Funding fee$991$991$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.567%7.560%
1st payment$929.36$929.36$1,848.53
2nd payment$0.00$532.00$0.00
Taxes / mo$66.50$66.50$66.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,145.86$1,677.86$2,118.85
Cash to close$100,833$29,900$29,900