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$196,267$196,267$382,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$186,233$0
Funding fee$981$981$0
Note rate3.950%3.950%7.400%
Blended rate3.950%5.922%7.640%
1st payment$1,153.13$1,153.13$2,648.35
2nd payment$0.00$1,241.55$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$50.00$50.00$50.00
Total monthly$1,636.46$2,878.01$3,208.19
Cash to close$228,733$42,500$42,500