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$176,462$176,462$256,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$80,038$0
Funding fee$882$882$0
Note rate3.300%3.300%7.400%
Blended rate3.300%5.079%7.640%
1st payment$896.06$896.06$1,775.95
2nd payment$0.00$600.29$0.00
Taxes / mo$165.75$165.75$165.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$0.58$0.58$0.58
Total monthly$1,212.39$1,812.67$2,143.58
Cash to close$108,538$28,500$28,500