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$194,020$194,020$292,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$98,390$0
Funding fee$970$970$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.926%7.560%
1st payment$901.89$901.89$2,008.65
2nd payment$0.00$737.92$0.00
Taxes / mo$205.25$205.25$205.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$86.67$86.67$86.67
Total monthly$1,343.81$2,081.73$2,509.06
Cash to close$130,880$32,490$32,490