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$196,043$196,043$382,500
Remaining term (yrs)9.89.830.0
Secondary amount$0$186,457$0
Funding fee$980$980$0
Note rate2.260%2.260%7.400%
Blended rate2.260%5.058%7.640%
1st payment$1,840.46$1,840.46$2,648.35
2nd payment$0.00$1,243.05$0.00
Taxes / mo$163.17$163.17$163.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,153.62$3,396.67$3,038.02
Cash to close$228,957$42,500$42,500