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$187,537$187,537$220,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,963$0
Funding fee$938$938$0
Note rate3.110%3.110%7.400%
Blended rate3.110%3.991%7.640%
1st payment$890.33$890.33$1,526.70
2nd payment$0.00$247.23$0.00
Taxes / mo$160.08$160.08$160.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,200.42$1,447.64$1,880.88
Cash to close$57,463$24,500$24,500