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$186,515$186,515$242,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$55,585$0
Funding fee$933$933$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.200%7.640%
1st payment$858.37$858.37$1,676.25
2nd payment$0.00$416.88$0.00
Taxes / mo$224.17$224.17$224.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.53$1,649.42$2,098.84
Cash to close$82,485$26,900$26,900