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$198,788$198,788$305,999
Remaining term (yrs)23.323.330.0
Secondary amount$0$107,211$0
Funding fee$994$994$0
Note rate3.720%3.720%7.400%
Blended rate3.720%5.220%7.640%
1st payment$1,060.76$1,060.76$2,118.68
2nd payment$0.00$714.74$0.00
Taxes / mo$295.58$295.58$295.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$8.50$8.50$8.50
Total monthly$1,514.84$2,229.58$2,633.96
Cash to close$141,211$34,000$34,000