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$197,618$197,618$373,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$175,882$0
Funding fee$988$988$0
Note rate3.360%3.360%7.400%
Blended rate3.360%5.545%7.640%
1st payment$1,009.71$1,009.71$2,586.04
2nd payment$0.00$1,172.55$0.00
Taxes / mo$104.42$104.42$104.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$13.75$13.75$13.75
Total monthly$1,277.88$2,450.43$2,928.91
Cash to close$217,382$41,500$41,500