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$198,810$198,810$330,750
Remaining term (yrs)24.024.030.0
Secondary amount$0$131,940$0
Funding fee$994$994$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.958%7.560%
1st payment$958.50$958.50$2,272.02
2nd payment$0.00$879.60$0.00
Taxes / mo$4.25$4.25$4.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.15
HOA / mo$0.00$0.00$0.00
Total monthly$1,112.75$1,992.35$2,492.42
Cash to close$168,690$36,750$36,750