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$177,444$177,444$297,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$119,556$0
Funding fee$887$887$0
Note rate3.220%3.220%7.400%
Blended rate3.220%5.144%7.640%
1st payment$850.91$850.91$2,056.37
2nd payment$0.00$797.04$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$410.00$410.00$410.00
Total monthly$1,685.91$2,482.95$2,950.77
Cash to close$152,556$33,000$33,000