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$187,424$187,424$324,000
Remaining term (yrs)20.420.430.0
Secondary amount$0$136,576$0
Funding fee$937$937$0
Note rate4.150%4.150%7.400%
Blended rate4.150%5.773%7.640%
1st payment$1,132.62$1,132.62$2,243.31
2nd payment$0.00$910.51$0.00
Taxes / mo$282.00$282.00$282.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,564.62$2,475.13$2,740.11
Cash to close$172,576$36,000$36,000