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$194,119$194,119$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$107,381$0
Funding fee$971$971$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.652%7.560%
1st payment$924.18$924.18$2,071.10
2nd payment$0.00$715.87$0.00
Taxes / mo$401.58$401.58$401.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,475.76$2,191.64$2,682.98
Cash to close$140,881$33,500$33,500