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$196,054$196,054$494,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$298,856$0
Funding fee$980$980$0
Note rate2.860%2.860%7.320%
Blended rate2.860%5.813%7.560%
1st payment$937.15$937.15$3,399.69
2nd payment$0.00$1,930.11$0.00
Taxes / mo$79.00$79.00$79.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,182.82$3,112.93$3,744.34
Cash to close$353,846$54,990$54,990