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$192,160$192,160$295,110
Remaining term (yrs)24.824.830.0
Secondary amount$0$102,950$0
Funding fee$961$961$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.595%7.640%
1st payment$890.48$890.48$2,043.28
2nd payment$0.00$686.33$0.00
Taxes / mo$196.08$196.08$196.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,236.57$1,922.90$2,448.39
Cash to close$135,740$32,790$32,790