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$189,533$189,533$247,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$57,967$0
Funding fee$948$948$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.145%7.640%
1st payment$878.08$878.08$1,713.64
2nd payment$0.00$434.75$0.00
Taxes / mo$125.33$125.33$125.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$230.00$230.00$230.00
Total monthly$1,383.42$1,818.17$2,268.47
Cash to close$85,467$27,500$27,500