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$187,466$187,466$342,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$154,534$0
Funding fee$937$937$0
Note rate4.700%4.700%7.320%
Blended rate4.700%6.191%7.560%
1st payment$1,135.76$1,135.76$2,349.30
2nd payment$0.00$1,030.23$0.00
Taxes / mo$581.67$581.67$581.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$103.00$103.00$103.00
Total monthly$1,970.43$3,000.66$3,252.37
Cash to close$192,534$38,000$38,000