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$38,256$38,256$193,499
Remaining term (yrs)5.65.630.0
Secondary amount$0$155,243$0
Funding fee$191$191$0
Note rate3.190%3.190%7.400%
Blended rate3.190%7.049%7.640%
1st payment$607.58$607.58$1,339.75
2nd payment$0.00$1,034.95$0.00
Taxes / mo$37.17$37.17$37.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$794.74$1,829.70$1,565.62
Cash to close$176,743$21,500$21,500