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$188,544$188,544$431,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$243,366$0
Funding fee$943$943$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.594%7.640%
1st payment$883.74$883.74$2,990.46
2nd payment$0.00$1,571.74$0.00
Taxes / mo$21.83$21.83$21.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,072.24$2,643.98$3,265.34
Cash to close$291,356$47,990$47,990