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$191,016$191,016$396,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$204,984$0
Funding fee$955$955$0
Note rate2.720%2.720%7.320%
Blended rate2.720%5.324%7.560%
1st payment$890.78$890.78$2,720.25
2nd payment$0.00$1,323.86$0.00
Taxes / mo$18.25$18.25$18.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,059.03$2,382.88$2,967.70
Cash to close$248,984$44,000$44,000