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$184,095$184,095$241,200
Remaining term (yrs)24.724.730.0
Secondary amount$0$57,105$0
Funding fee$920$920$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.421%7.640%
1st payment$876.94$876.94$1,670.02
2nd payment$0.00$428.29$0.00
Taxes / mo$207.50$207.50$207.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,234.44$1,662.72$2,075.76
Cash to close$83,905$26,800$26,800