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$187,355$187,355$269,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$82,555$0
Funding fee$937$937$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.918%7.640%
1st payment$890.46$890.46$1,868.80
2nd payment$0.00$619.16$0.00
Taxes / mo$174.25$174.25$174.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,214.71$1,833.87$2,247.03
Cash to close$112,545$29,990$29,990