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$185,713$185,713$216,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$30,287$0
Funding fee$929$929$0
Note rate3.140%3.140%7.400%
Blended rate3.140%3.962%7.640%
1st payment$888.43$888.43$1,495.54
2nd payment$0.00$227.15$0.00
Taxes / mo$299.83$299.83$299.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,338.26$1,565.41$1,988.57
Cash to close$54,287$24,000$24,000